
Marqeta Inc (NASDAQ:MQ) shares are trading higher by 11.80% at $12.43 Thursday morning after the company announced it expects to outperform its previously announced fourth-quarter net revenue and adjusted EBITDA guidance and appointed Mike Milotech as its new CFO.
Milotich joins Marqeta 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. Marqeta says Milotech has more than 20 years of experience in corporate finance, the majority of which falls in payments and financial services. He has also held leadership positions at American Express and PayPal.