Alexander Matthey / Adyen
Adyen’s CTO Alexander Matthey to depart at the end of 2024
The pace of executive departures from Adyen has increased since the departure of co-founder Arnout Schuijff
Dutch payments giant Adyen will suffer another senior executive departure at the end of the year with chief technology officer Alexander Matthey announcing his decision to step down.
Matthey will have been with Adyen for a decade upon his departure at the end of the year, and pointed to the challenge of balancing his family life in Berlin with Adyen’s HQ in Amsterdam.
“I have thoroughly enjoyed my time at Adyen and know that the company is only at the outset of what it can achieve,” said Matthey.
“However, balancing leading Adyen based out of Amsterdam and the company’s many global offices with my family life in Berlin has driven my decision to not commit for another four years.”
Adyen confirmed it will begin the search for a successor for Matthey covering both internal and external candidates, ahead of the CTO’s departure in December 2024.
Interestingly Matthey joins a spate of executives who’ve left Adyen since the departure of co-founder Arnout Schuijff in 2021, including former chief operating officer Kamran Zaki, global head of unified commerce Brain Dammeir and global head of platforms and financial services Maximilian Lehmann who all stepped down in 2023.
Analysts at Jeffries in a note called Matthey’s departure “unfortunate, but likely less impactful than previous losses” and added that it would give Adyen the opportunity to “add a high spec executive” to its leadership team.