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Meri Williams has stepped down as the chief technology officer of fast-growing, UK challenger bank Monzo. The company’s co-founder and former CTO Jonas Templestein will step back into the role, according to media reports.
The news of Williams’ departure was first reported by TechCrunch, who said that she announced her exit internally. Williams had already reduced her involvement with the company over the past few months and had been consulting for other tech companies, according to TechCrunch.
Prior to joining Monzo in 2018, Williams was the CTO of MOO, the online print and design company that was previously on Forbes’ list of the UK’s hottest start-ups. She was also head of engineering at British retailer Marks and Spencer and has done stints scaling up engineering teams at other start-ups. Early in her career, Williams spent almost 10 years at Proctor & Gamble in various roles, including as head of operations for North Europe site services.
Monzo, co-founded in 2015 by CEO Tom Blomfield, is one a crop of up-and-coming mobile-only banks in the UK that are disrupting the traditional banking industry. The digital bank has grown quickly in Britain through word-of-mouth and very little advertising, and has over 3 million customers.
Monzo has its sights set on expanding into the US market and hired former VISA executive TS Anil in December to lead its push into the US. While the company has been building up its US team, it has seen the departure in recent months of a number of senior executives, including co-founder and deputy CEO Paul Rippon and chief operating officer Tom Foster-Carter.