Marqeta Inc Announces the Appointment of New CFO

Feb 10, 2022 By MarketDepth

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Marqeta Inc. (NASDAQ: MQ) announced the appointment of Mike Milotich as the company’s new Chief Financial Officer after the market closed on February 9th.

Up 6.9%

Shares of Marqeta Inc. (NASDAQ: MQ) opened 6.9% higher than the previous day’s close. 

Outgoing CFO

Tripp Faix, the company’s outgoing Chief Financial Officer, has decided to step down to spend more time with family after three and a half years in his role but will stay with the company in an advisory role until March 31, 2022.

“Having spent the last ten years at Visa, I had a front row seat to the rise of Marqeta and the innovations they’ve opened up globally with their modern card issuing platform.” 

Mike Milotich

Mr. Milotich is set to join the company following a decade-long tenure at Visa in various financial leadership positions, most recently serving as Senior Vice President of Investor Relations and Corporate Finance. 

“After a thorough executive search, it was clear that Mike’s deep payments experience makes him an excellent fit for Marqeta. He has a keen appreciation for the possibilities in front of us as a company. We look forward to welcoming him to the Marqeta community.”

Jason Gardner, Marqeta’s Founder and CEO