Monzo shareholders ‘plot coup over ousting of CEO’

ANGRY Monzo shareholders are reportedly plotting a coup to oust the chair of the finance firm following the shock exit of chief executive TS Anil.

- By Samuel Norman

CEO TS Anil made 'shock' departure

The investors, which include venture capital firms Accel and Iconiq, have consulted lawyers as they lobby to reinstate Anil, who is set to be replaced by ex-Google executive Diana Layfield in February.

The group is also seeking the removal of chair Gary Hoffman, according to reports.

Hoffman has been in the role since 2019 and previously served as chairman of the English Premier League, where and he was involved in the controversial Newcastle United takeover.