Nubank’s Chief Technology Officer Resigns; Shares Close at $15.16
Key Facts
Nu Holdings said on October 23, 2026, that Chief Technology Officer Eric Young had decided to resign to pursue a new career opportunity, ushering in a transition period for leadership of the company’s technology function. In a filing with the U.S. Securities and Exchange Commission, the company said Young would remain in his role through November 12 to support an orderly transition. Founder, Chairman and Chief Executive David Vélez will temporarily oversee Global Platforms directly. John Walton, Chief Information Security Officer, will serve alongside him as interim co-leader. The company said it had begun searching for a permanent chief technology officer, but did not specify when the permanent appointment would be made.
The interim arrangement puts direct oversight of Global Platforms with Vélez, with day-to-day leadership temporarily shared with Walton during the transition. It follows Young’s decision to leave for professional reasons, rather than an announcement of a shift in the company’s strategic priorities. Vélez said he valued Young’s leadership of the technology function, pointing to “the significant progress we’ve made integrating AI across our operations.” In its statement, the company linked Young’s role to the progress made in integrating AI, without announcing a change in the direction of that work. Young’s continued tenure through November 12 gives the company a stated transition period before his departure, while interim oversight continues until the search for his successor is complete.
The company stressed that the transition does not change its strategic priorities and that technology and AI “remain central” to its business. The statement frames the management change as consistent with the priorities the company has announced, while leadership of Global Platforms remains interim until a permanent head of the technology function is appointed. The search launched by the company is focused on filling the chief technology officer role, and the filing named no candidate or timetable for completing the appointment. According to the company’s filing, interim responsibilities are divided between Vélez, who directly oversees Global Platforms, and Walton, who shares leadership. The company announced no other changes to its priorities alongside Young’s resignation.
In the market, NU shares closed at $15.16 on October 23, compared with a close of $14.73 in the previous session on October 22. EL7 data show the closing price rising between the two sessions, without identifying the cause of the move or linking it to the resignation announcement. The close came on the day the company announced Young’s departure and the interim leadership arrangements. Intraday high and low data were not verified in the information available here, so the comparison does not represent the day’s trading range. The next announced date in the transition is November 12, 2026, when Young is expected to leave the company after supporting an orderly handover.