CONFIRMED: Nubank is set to change the leadership of its technology area. Nu Holdings Ltd., the digital bank's parent company listed on the New York Stock Exchange (NYSE: NU), announced on October 23, 2026, that Eric Young, its chief technology officer (CTO), has decided to resign to pursue a new professional opportunity.
In the notice itself, Nu Holdings describes itself as one of the world's largest digital banking platforms, which puts the role in perspective: the departing CTO led technology for a global-scale operation, not a niche bank.
How the transition will work
Young is expected to remain with the company until November 12, 2026, to support an orderly transition. In the meantime, David Vélez, founder, chairman and chief executive officer, will directly oversee Global Platforms on an interim basis, alongside John Walton, chief information security officer (CISO), who will serve as interim co-lead. The company has begun searching for a permanent CTO, without giving a timetable for the appointment.
What the company said
“I am very appreciative of the leadership Eric has provided for Nubank's technology function, including the significant progress we have had in integrating Artificial Intelligence across all of our operations,” Vélez said. According to the notice, the transition does not change the company's strategic priorities: “Technology and AI remain central to the Company.”
Why it matters
The departure comes as Nubank itself puts AI at the center of its technology message — and the notice makes a point of linking Young's work to that progress. The CTO change is therefore a practical test of that continuity: the company will have to show, under new leadership, that the AI agenda keeps the same pace. What the notice does not reveal is Young's destination or who will take the role permanently — both still depend on a future announcement.
Image credit: facade of the New York Stock Exchange (NYSE), photograph by Ryan Schwark, via Wikimedia Commons, under the CC0 public domain dedication. The image illustrates Nu Holdings' NYSE listing and does not show Nubank's headquarters.
Sources: BusinessWire — Nu Holdings notice to market; Morningstar — Nu Holdings notice to market
Transparency: this article was produced with the assistance of artificial intelligence, based on cross-checking public posts on X and the internet sources listed below. We recommend consulting the original sources to confirm the details.
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