Marqeta, Inc. has announced the appointment of Mike Milotich as the new Chief Executive Officer (CEO) and as a director, effective immediately. Milotich, who has been serving as the interim CEO since February 2025, was also the Chief Financial Officer (CFO) of Marqeta since February 2022. Under his leadership, the company has seen significant progress in advancing its strategic initiatives and sharpening its focus on execution, leading to improved profitability and growth opportunities.
During the period, Marqeta processed nearly $300 billion in annual payments volume in 2024. The company's platform has been certified to operate in more than 40 countries worldwide, enabling businesses to build and embed financial services into their branded experience.
Milotich's experience includes serving as the Senior Vice President of Corporate Finance and Investor Relations at Visa, where he was responsible for managing the corporate outlook, evaluating M&A opportunities, and communicating with the global investor community. Prior to Visa, he worked at PayPal and American Express in various business analysis roles.
As the new CEO, Milotich aims to lead Marqeta through a pivotal time, leveraging the company's talented team to pursue and capture market opportunities, enable innovation and business expansion for its customers, and drive enhanced value creation. The company's board of directors will now begin the search for Marqeta’s next CFO, with Milotich continuing to serve in this role until a successor has been identified. The market has reacted to these announcements by moving the company's shares -2.03% to a price of $6.025. For more information, read the company's full 8-K submission here.
