Klaviyo appoints Chano Fernández as co-CEO effective Jan 1, 2026; split roles with co-founder Bialecki

Klaviyo, Inc.

Chano Fernández appointed co-CEO alongside co-founder Andrew Bialecki, effective Jan 1, 2026.
Bialecki to focus on AI vision and product development; Fernández to lead GTM, ops, and G&A.
Base salary CHF 800k, target bonus CHF 400k; RSU $33M (12-quarter vest), PSU $36M with price targets $40/$55/$70/$85.
Bylaws amended to allow up to two CEOs; effective upon appointment.

item 5.02 item 5.03 item 7.01 item 9.01

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Klaviyo, Inc.: Amended and restated bylaws to allow up to two Chief Executive Officers (effective 2025-12-08).

Change: bylaw amendment
Effective: 2025-12-08

Exact text from the filing

On December 8, 2025, the Board approved an amendment and restatement of the Company’s Amended and Restated Bylaws (the “Second Amended and Restated Bylaws”) to allow for up to two Chief Executive Officers under Article III of the Second Amended and Restated Bylaws.

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Source: SEC EDGAR

accession 0001835830-25-000116

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