Dive Brief:

• Financial technology platform Ayden named Gayathri Rajan its new chief product officer, effective immediately, elevating him from head of global product, according to a Wednesday press release.
• Adyen also announced that Hwa Tsao, currently its senior vice president of group finance, will become the company’s interim chief financial officer after the current CFO, Ethan Tandowsky, exits on Aug. 31.  
• The two leadership moves were announced in tandem with the closing of two acquisitions by the payment processor: Talon.One, a loyalty and incentives platform; and Orb, an enterprise billing service, according to the release.

Dive Insight:

Amsterdam-based Adyen announced in May that Tandowsky would be leaving after approximately three years in the top finance seat. The company has a global search underway for his replacement. 

The search process to appoint a permanent successor to Tandowsky by Ayden’s board is “progressing as planned,” supported by an external executive search firm, according to the Wednesday release.

Tsao “already oversees Adyen's core finance operations, ensuring organizational stability and continuity throughout this transition,” the company said. Both Tsao and Rajan will report to Adyen’s Co-CEOs, Ingo Uytdehaage and Peter van der Does, and will not be appointed to the management board.

Tsao joined Adyen last November in the SVP role, according to his LinkedIn profile. Prior to Adyen, he logged six years at ServiceNow in roles that included vice president of strategic finance. He also previously worked for the tech company HP as well as the bank Citi.

The two appointments will help the Dutch payments processor “retain dedicated leadership during a critical operational period,” coming as its Co-CEO Uydgehaage personally directs the integration phase for both Talon.One and Orb, the company said Wednesday.

Adyen announced it would be acquiring Talon.One for €750 million ($857 million), financed from cash reserves, according to an April 23 announcement. On June 11, it announced it would be acquiring the San Francisco-based Orb for $335 million, financed entirely from its cash reserves, according to press releases. The acquisitions officially closed July 1.

Both the leadership changes and the acquisitions come as the payments processor aims to hit 2026 growth targets, despite a slowdown in consumer spending and competition in key markets such as North America. In another move, Adyen last month tapped insider Shepherd Smith for the position of president of North American operations, Smith said in a LinkedIn post at the time.

North America has continued to be a strong market for the Dutch payment processor, with the market responsible for about 27% of its €2.4 billion euro ($2.8 billion) in revenue last year, according to the company’s H2 shareholder letter published in February.  

For 2026, Ayden is targeting net revenue growth of between 20% to 22%, and aims to expand its EBITDA margin levels to above 55% by 2028, according to a first-quarter business update published in May.

Adyen reaffirmed its financial objectives in the Wednesday release.