Marqeta, a global modern card issuing platform, has announced the appointment of Mike Milotich as its permanent Chief Executive Officer and a Director, effective immediately. Mr. Milotich had been serving as Interim CEO since February 2025, in addition to his role as Chief Financial Officer.
Judson C. Linville, Chair of the Marqeta Board, stated that Mr. Milotich has been instrumental in strengthening the company’s operations and financial foundation, leading to improved profitability and new growth opportunities. Following a comprehensive search, the Board concluded that Mr. Milotich was the most suitable candidate for the CEO position. Mr. Linville highlighted Milotich’s reputation as a respected executive with strong customer relationships, deep industry and business knowledge, and a proven ability to build effective teams and provide steady leadership during his interim tenure. The Board believes Marqeta is well-positioned under his leadership to execute its strategy and deliver long-term shareholder value.
Mr. Milotich expressed enthusiasm for leading Marqeta at this critical juncture. He acknowledged the significant progress made in advancing strategic initiatives and enhancing execution focus, expressing confidence in the company’s ability to accelerate this work. He also noted his commitment to collaborating with the team to capitalize on market opportunities, facilitate innovation and business expansion for customers, and drive increased value creation.
The company’s Board of Directors will now begin a search for Marqeta’s next Chief Financial Officer, with the assistance of a prominent executive search firm. Mr. Milotich will continue to serve as CFO until a successor is identified.
Mr. Milotich initially joined Marqeta as Chief Financial Officer in February 2022, overseeing financial planning and analysis, corporate development, accounting, settlement, and investor relations. Before his tenure at Marqeta, he was the Senior Vice President of Corporate Finance and Investor Relations at Visa, where he managed corporate outlook, evaluated M&A opportunities, and engaged with the global investor community. He also held various business analysis roles at PayPal and American Express. Mr. Milotich holds a bachelor’s degree from the University of California, Santa Barbara, and an MBA from New York University.
Marqeta specializes in enabling companies to integrate financial services into their branded experiences, fostering new avenues for business growth and user engagement. Its platform empowers businesses to develop financial solutions, leveraging real-time data to create personalized, optimized offerings for various applications, from consumer loyalty programs to capital efficiency. With built-in compliance and security, the Marqeta platform processed nearly $300 billion in annual payments volume in 2024 and is certified to operate in over 40 countries worldwide.
