Lunar Bank CEO Søren Kyhl Has Resigned
The bank appointed its existing COO and CFO as acting co-CEOs while searching for a permanent replacement.
Updated on Oct. 6, 2026 in People
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Lunar CEO Søren Kyhl has stepped down from his position after serving for only four months. The company has appointed COO Gitte Roskær and CFO Robert Stambro to serve as acting co-CEOs during the transition.
Why it matters
The board and the departing CEO agreed that the company requires a different leadership profile for its next phase of operations. Lunar continues to serve customers in Denmark, Sweden, and Norway while the search for a permanent successor is underway.
Lunar serves 1 million users and 45,000 business banking entrepreneurs across its Nordic markets. The new acting co-CEO Robert Stambro previously spent nearly 10 years at Nordnet Bank.
The players
Søren Kyhl
He is the outgoing CEO of Lunar who served in the leadership role for four months.
Gitte Roskær
She is the acting co-CEO of Lunar who previously served as the bank's COO.
Robert Stambro
He is the acting co-CEO of Lunar who also maintains his role as the company's CFO.
Ken Villum Klausen
He is one of the co-founders who helped establish Lunar in 2015.
Peter Andreasen
He is a former member of the company who departed from Lunar in 2025.
The details
The board reached a consensus with Kyhl that his leadership style did not align with the firm's strategic needs. Acting co-CEO Gitte Roskær has been with the organization since 2022, while Stambro joined in 2024.
Timeline
Lunar was founded in 2015.
Gitte Roskær joined the company in 2022.
Robert Stambro joined as CFO in 2024.
Peter Andreasen departed the organization in 2025.
Søren Kyhl stepped down as CEO in October 2026.
Market Landscape
This transition aligns with the historical leadership turnover cycles of Nordic fintech startups as they scale operations. The move highlights the competitive environment in the region where firms frequently adjust executive structures to manage growth in Denmark, Sweden, and Norway.
Customers can expect business operations and banking services to remain unchanged during this leadership transition. The company has maintained its focus on supporting 1 million users despite the executive change at the top.
The takeaway
The appointment of internal leaders as acting co-CEOs suggests that Lunar aims to maintain operational stability during its search for new management. Investors and customers are likely to watch for how this new leadership team balances internal growth with the company's long-term strategy.
Further reading
For more information on executive shifts, visit the People section.
Source note: This article includes information reported by FinTech Futures.
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