Overview
- Financial Times reporting says the board asked TS Anil to step down over disputes on IPO timing, his post‑IPO commitment and concerns about international expansion.
- Ex‑Google executive Diana Layfield is slated to become CEO in February following October’s announcement of Anil’s departure.
- A group of investors including Accel and Iconiq has hired lawyers and is reportedly pushing to remove chair Gary Hoffman and reinstate Anil, with backing from holders of more than 40% of shares.
- Reports describe a divide over where to float the company, with the board seen favoring London while Anil was speculated to prefer New York.
- Monzo, Anil, Hoffman, Accel and Iconiq have not commented on the reports.