Marqeta CEO Simon Khalaf steps down; CFO Mike Milotich appointed Interim CEO

Marqeta, Inc.

Simon Khalaf stepped down as CEO and director effective Feb 24, 2025; Board initiated CEO search.
CFO Mike Milotich appointed Interim CEO, effective immediately, while retaining CFO role.
Milotich receives $550K base salary, 75% target bonus, and $2M retention award (50% cash/50% RSUs).
Board engaged executive search firm to identify permanent CEO.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed (interim)

Michael (Mike) Milotich

Interim Chief Executive Officer

MQ · Marqeta, Inc.

Effective: 2025-02-26
Filed: February 26, 2025, 6:59 PM ET

the Board of Directors (the “Board”) has appointed Michael (Mike) Milotich as Interim Chief Executive Officer (principal executive officer), effective immediately.

Departed

Simon Khalaf

Chief Executive Officer and Director

MQ · Marqeta, Inc.

Effective: 2025-02-24
Successor: Michael (Mike) Milotich
Filed: February 26, 2025, 6:59 PM ET

Simon Khalaf, who has stepped down as Chief Executive Officer and as a director as of February 24, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael (Mike) Milotich was appointed as Interim Chief Executive Officer at Marqeta, Inc..

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

the Board of Directors (the “Board”) has appointed Michael (Mike) Milotich as Interim Chief Executive Officer (principal executive officer), effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Simon Khalaf departed as Chief Executive Officer and Director at Marqeta, Inc..

Action: stepped down
Role: Chief Executive Officer and Director

Exact text from the filing

Simon Khalaf, who has stepped down as Chief Executive Officer and as a director as of February 24, 2025.

View on SEC.gov

Marqeta, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-017424

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