Marqeta Appoints Mike Milotich as Permanent CEO, Progress Continues
Marqeta names Mike Milotich as its new Chief Executive Officer
In a significant move, Marqeta, Inc. (NASDAQ: MQ) has announced the appointment of Mike Milotich as its permanent Chief Executive Officer, effective immediately. Milotich, who has been serving as Interim CEO since February 2025 and as CFO since February 2022, has expressed his excitement about leading the company.
Since taking on the interim role, Milotich has demonstrated his ability as a talented team builder, and his leadership has led to significant advancements in the company's strategic initiatives. Under his leadership, Marqeta has seen improved profitability and opportunities for growth.
Judson C. Linville, Chair of the Marqeta Board, believes Milotich is the right CEO for Marqeta. "Mike has been instrumental in strengthening Marqeta's operations and financial foundation, and he is a highly respected executive with strong customer connections and deep knowledge of Marqeta's business and industry," Linville said.
Milotich is committed to enabling innovation and business expansion for customers. He aims to drive enhanced value creation for Marqeta's shareholders. "I am excited about the opportunity to lead Marqeta and continue to advance our strategic initiatives," Milotich said. "I believe in the ability to further accelerate the company's work moving forward, and I am committed to delivering long-term value for our shareholders."
As Milotich continues in his role as CEO, the company's focus remains on execution and capturing market opportunities. There is no publicly available information about the appointment of a new Chief Financial Officer following Milotich. However, a leading executive search firm will assist in finding a new CFO for Marqeta.
Until a successor is identified, Milotich will continue to serve as CFO. "I am looking forward to working closely with the Board and our team to find the right person to fill the CFO role," Milotich added.
With Milotich as CEO, Marqeta is well-positioned to execute its strategy and deliver long-term value for its shareholders. The company's progress under his leadership is a testament to his thoughtful and steady approach, and the Marqeta Board has full confidence in his ability to lead the company to success.
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