Monzo founder Tom Blomfield is departing the U.K. challenger bank entirely at the end of the month, staff were informed earlier today. Blomfield held the role of CEO until May last year when he assumed the newly created title of president and resigned from the Monzo board. However, having been given the time and space to consider his long-term future at the bank he helped create six years ago, and with a refreshed executive team now in place, he says it is time to “hand over the baton”. In a brief but candid telephone interview, Blomfield also revealed that, as well as being unhappy during the last couple of years as CEO when the company scaled well beyond a “scrappy startup”, the pandemic and subsequent lockdowns exacerbated pressures placed on his own mental well-being.
Monzo Founder Tom Blomfield Is Departing The Challenger Bank And Says He’s ‘struggled’ During The Pandemic
Steve O'Hear, TechCrunch
Wed, 01/20/2021 - 10:55am
Topics: u.k u.k eileen burbidge passion capital monzo chair gary hoffman las vegas £60m £1.24b when i the techcrunch s steve o hear monzo s tom credits startup grind ceo ts anil amex monzo plus premium december albeit going u.k covid-19 uk tom blomfield u.k ceo monzo i i monzo i monzo s to sujata bhatia coo bhatia challenger bank people role team company year years huge board space sources staff create weeks mental love hand project months scrappy helped news stuff revenue pressures exacerbated don weekly put return exec
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