Adyen announced today that Tom Adams will join Adyen as Chief Technology Officer (CTO). Adams will be succeeding Alexander Matthey, who after a decade of building Adyen will conclude his tenure later this year.

“As we look at the opportunity ahead, we find ourselves in a key position to solve for the continued complexity that we see in the payments landscape,” says Pieter van der Does, Co-Founder and Co-CEO of Adyen. “With Tom’s experience in building and leading a global engineering organization, as well as driving product innovation at scale, we look forward to his contributions as we advance the benefits of our single platform.”

Adams will join Adyen from Cash App, a consumer business vertical of Block, where he served as Head of Engineering for four years. In the role as CTO at Adyen, Adams will oversee the strategic and technological vision of Adyen’s single platform which encompasses payments, data and financial products.

“As the financial services industry continues to digitalize, and as we see shopper expectations continue to evolve, there is immense opportunity to drive innovation in this space,” said Adams. ‘’I look forward to joining this exceptional team to help continue to execute on Adyen’s long-term growth ambitions and to drive customer-led innovations at scale.”

Adams’ appointment has been approved by the Dutch Central Bank (De Nederlandsche Bank) and is subject to approval by shareholders at an upcoming EGM – a convening notice for which will be sent out in the coming period.