Four Senior Executives Including Co-Founder Depart Danish Neobank Lunar in C-Suite Overhaul
Nordic neobank Lunar announced the departure of four senior executives simultaneously in July 2025, in what CEO Ken Villum Klausen described as a planned leadership transition from a phase of rapid growth to one of “operational maturity and profitability.”
The Departures
| Executive | Role | Tenure |
|---|---|---|
| Peter Andreasen | Co-founder & Chief Investment Officer | Since founding (2015) |
| Kåre Kjelstrøm | Chief Technology Officer | Since October 2023 |
| Vibeke Bak Solok | CEO of Lunar Bank | N/A |
| Mats Persson Bergius | Chief Commercial Officer | N/A |
The departure of co-founder Peter Andreasen was the most significant, ending a founding-team era at the company ten years after Lunar’s 2015 establishment.
Context: Strategic Pivot
The executive changes coincided with Lunar’s broader strategic pivot from consumer growth to business banking profitability. The company had expanded rapidly into Sweden and Norway following its original Danish base, and the new leadership team was tasked with:
- Reducing customer acquisition costs
- Growing the Lunar Business segment (40,000+ business customers)
- Preparing the balance sheet for the eventual spin-out of Moonrise, its Banking-as-a-Service division
- Targeting profitability at the group level
Klausen stated that replacements were “already in place or underway” for all departing positions, and that the company continued to operate with strong momentum.
Six Months Later
By January 2026, Lunar raised €46 million to fund its business banking expansion into Norway and Finland — the first major capital event under the new leadership team.