Klarna Appoints Former Fed Vice Chairman Roger W. Ferguson Jr to Board

By Dominic Chopping

STOCKHOLM–Sweden’s Klarna Bank AB said Tuesday that it has appointed former Federal Reserve Vice Chairman Roger W. Ferguson Jr. to its board of directors.

The buy-now, pay-later payments specialist said Mr. Ferguson has also previously served as president and chief executive of The Teachers Insurance and Annuity Association of America, head of financial services for Swiss Re, Chairman of Swiss Re America Holding Corp. Additionally, he has served on President Obama’s Council on Jobs and Competitiveness as well as its predecessor, the Economic Recovery Advisory Board.

“Roger brings tremendous leadership experience in the very top tiers of economics, finance and policy, his global perspective and expertise will be of immense value to Klarna at a time when the business is gaining such strong momentum, especially in the United States,” Klarna Founder and Chief Executive Sebastian Siemiatkowski said.

Mr. Ferguson also serves on the boards of Alphabet, Inc., Corning, Inc, General Mills, Inc and International Flavors & Fragrances. He serves on the boards of The Conference Board, the Institute for Advanced Study, Memorial Sloan Kettering Cancer Center and Columbia University’s Teachers College.

Write to Dominic Chopping at dominic.chopping@wsj.com