Lunar Bank CEO Resigned After Four-Month Tenure
The Nordic digital bank has appointed co-CEOs as it begins a search for permanent leadership.
Updated on Oct. 6, 2026 in People
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Lunar CEO Søren Kyhl has resigned from his position after serving for only four months. The company has moved to appoint existing executives Gitte Roskær and Robert Stambro to lead as acting co-CEOs.
Why it matters
The board and the departing CEO agreed that the company requires a different leadership profile for its next growth phase. This turnover comes as the bank continues to support its significant base of Nordic small-business customers.
Lunar serves 1 million total users, including 45,000 entrepreneurs using its business banking platform. The transition follows a four-month tenure for the outgoing CEO, a significant departure from the tenure of incoming co-CEO Robert Stambro, who spent nearly 10 years at Nordnet Bank.
The players
Søren Kyhl
The outgoing CEO whose short four-month term ended in October 2026.
Gitte Roskær
An existing executive who joined the bank in 2022 and now serves as acting co-CEO.
Robert Stambro
The current acting co-CEO and former CFO who previously spent nearly 10 years at Nordnet Bank.
Ken Villum Klausen
The founder who launched the digital banking platform in 2015.
Peter Andreasen
A former executive who departed the bank in 2025.
The details
The board determined that a change in leadership style was necessary to execute the bank's next strategic phase. To ensure operational continuity, Gitte Roskær, who joined in 2022, and Robert Stambro, who joined as CFO in 2024, have taken over the leadership duties. This shift follows the 2025 departure of Peter Andreasen and represents a rapid pivot in management for the digital-first institution.
Timeline
Lunar was founded in 2015.
Gitte Roskær joined the firm in 2022.
Robert Stambro joined as CFO in 2024.
Peter Andreasen left the company in 2025.
Søren Kyhl stepped down as CEO in October 2026.
Market Landscape
This move marks a rapid shift for the bank, following the 2025 departure of Peter Andreasen. It highlights a period of significant leadership churn as the firm balances its rapid growth across Denmark, Sweden, and Norway.
Business clients should monitor for potential shifts in service offerings or terms as the new leadership team settles into their interim roles. Operators should prepare for adjustments in account management or support responsiveness during this search period.
The takeaway
Management turnover creates short-term uncertainty that can affect small-business account stability. Operators should review their banking service agreements to ensure they have secondary liquidity sources readily available during periods of leadership flux.
Further reading
For more on executive shifts, visit People.
Source note: This article includes information reported by FinTech Futures.
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