Marqeta Management

Management criteria checks 0/4

Marqeta's CEO is Simon Khalaf, appointed in Jan 2023, has a tenure of 1.83 years. total yearly compensation is $16.29M, comprised of 3.5% salary and 96.5% bonuses, including company stock and options. directly owns 0.13% of the company’s shares, worth MX$52.15M. The average tenure of the management team and the board of directors is 1.6 years and 2.8 years respectively.

Key information

Simon Khalaf

Chief executive officer

US$16.3m

Total compensation

CEO salary percentage	3.5%
CEO tenure	1.8yrs
CEO ownership	0.1%
Management average tenure	1.6yrs
Board average tenure	2.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Simon Khalaf's remuneration changed compared to Marqeta's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$14m
Jun 30 2024	n/a	n/a	-US$12m
Mar 31 2024	n/a	n/a	-US$190m
Dec 31 2023	US$16m	US$571k	-US$223m

Compensation vs Market: Simon's total compensation ($USD16.29M) is above average for companies of similar size in the MX market ($USD687.82K).

Compensation vs Earnings: Insufficient data to compare Simon's compensation with company performance.

CEO

Simon Khalaf (58 yo)

1.8yrs

Tenure

US$16,294,313

Compensation

Mr. Simon Khalaf was Chief Product Officer of Marqeta, Inc. from July 2022 until 2023 and serves as its Chief Executive Officer and Director from January 31, 2023. He served as the Senior Vice President an...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Simon Khalaf	CEO & Director	1.8yrs	US$16.29m	0.13% MX$ 52.1m
Jason Gardner	Founder & Non Executive Director	14.8yrs	US$600.76k	9.77% MX$ 4.0b
Michael Milotich	Chief Financial Officer	2.8yrs	US$3.58m	0.088% MX$ 35.9m
Crystal Sumner	Chief Administrative Officer	1.8yrs	US$5.08m	0.026% MX$ 10.5m
Todd Pollak	Chief Revenue Officer	1.8yrs	US$13.62m	0.059% MX$ 24.1m
Stacey Finerman	Vice President of Investor Relations	no data	no data	no data
Alan Carlisle	Chief Compliance Officer	less than a year	no data	no data
Karna Crawford	Chief Marketing Officer	1.4yrs	no data	no data
Heather Gantt-Evans	Chief Information Security Officer	1.3yrs	no data	no data
Marcin Glogowski	Senior VP	less than a year	no data	no data
Fouzi Husaini	Chief Artificial Intelligence Officer	less than a year	no data	no data

1.6yrs

Average Tenure

49.5yo

Average Age

Experienced Management: MQ *'s management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Simon Khalaf	CEO & Director	1.8yrs	US$16.29m	0.13% MX$ 52.1m
Jason Gardner	Founder & Non Executive Director	14yrs	US$600.76k	9.77% MX$ 4.0b
Godfrey Sullivan	Independent Director	3.5yrs	US$250.00k	0.052% MX$ 21.2m
R. Graf	Director	less than a year	no data	no data
Judson Linville	Independent Chairman & Lead Independent Director	4.5yrs	US$300.00k	0.030% MX$ 12.2m
Alpesh Chokshi	Independent Director	less than a year	no data	no data
Helen Riley	Independent Director	4.5yrs	US$250.00k	0.012% MX$ 5.0m
Martha Cummings	Independent Director	3.8yrs	US$250.00k	0.0038% MX$ 1.5m
Srikiran Prasad	Independent Director	2.2yrs	US$250.00k	0.014% MX$ 5.8m
Najuma Atkinson	Independent Director	1.6yrs	US$635.30k	0.014% MX$ 5.8m

2.8yrs

Average Tenure

60yo

Average Age

Experienced Board: MQ *'s board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.

Marqeta Management

Management criteria checks 0/4

Key information

Recent management updates

Marqeta Appoints Fouzi Husaini as Its Chief Artificial Intelligence Officer

High number of new directors

Independent Director recently sold Mex$4.0m worth of stock

Marqeta Names Marcin Glogowski as SVP, Managing Director Europe and UK CEO

Marqeta, Inc., Annual General Meeting, Jun 13, 2024

High number of new directors

Recent updates

Third quarter 2024 earnings released: US$0.056 loss per share (vs US$0.10 loss in 3Q 2023)

Marqeta, Inc. Provides Earnings Guidance for the Fourth Quarter of 2024

Marqeta Announces Marqeta Flex Solution At Money 2020

Marqeta, Inc. to Report Q3, 2024 Results on Nov 04, 2024

Marqeta Appoints Fouzi Husaini as Its Chief Artificial Intelligence Officer

High number of new directors

Marqeta, Inc. to Report Q2, 2024 Results on Aug 07, 2024

Independent Director recently sold Mex$4.0m worth of stock

Marqeta Names Marcin Glogowski as SVP, Managing Director Europe and UK CEO

Marqeta, Inc. (NasdaqGS:MQ) announces an Equity Buyback for $200 million worth of its shares.

Marqeta, Inc., Annual General Meeting, Jun 13, 2024

Marqeta, Inc. to Report Q1, 2024 Results on May 07, 2024

High number of new directors

Full year 2023 earnings released: US$0.42 loss per share (vs US$0.34 loss in FY 2022)

High number of new directors

Marqeta, Inc. to Report Q4, 2023 Results on Feb 28, 2024

High number of new directors

Marqeta Appoints Alan Carlisle as Chief Compliance Officer

Marqeta, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year 2023

Marqeta, Inc. Introduces New Credit Card Platform, Helping Brands Redefine Customer Loyalty with Dynamic and Embedded Credit Experiences

Marqeta, Inc. to Report Q3, 2023 Results on Nov 07, 2023

High number of new directors

Marqeta Appoints Heather Gantt-Evans as Chief Information Security Officer

Independent Director recently bought Mex$20m worth of stock

High number of new directors

Marqeta Unveils First Generative AI Investments, Announcing External-Facing Bot and Internal Code Generation Tool That Optimizes Task Efficiency Up to 75%

Second quarter 2023 earnings released: US$0.11 loss per share (vs US$0.082 loss in 2Q 2022)

High number of new directors

Marqeta Appoints Karna Crawford as Chief Marketing Officer

Marqeta, Inc. to Report Q2, 2023 Results on Aug 08, 2023

High number of new directors

First quarter 2023 earnings released: US$0.13 loss per share (vs US$0.11 loss in 1Q 2022)

Marqeta, Inc. Provides Earnings Guidance for the Second Quarter of 2023

High number of new directors

High number of new and inexperienced directors

High number of new and inexperienced directors

Full year 2022 earnings released: US$0.34 loss per share (vs US$0.45 loss in FY 2021)

High number of new and inexperienced directors

Marqeta, Inc. (NasdaqGS:MQ) acquired Power Finance Inc.

Marqeta, Inc. (NasdaqGS:MQ) agreed to acquire Power Finance Inc.

Marqeta, Inc. (NasdaqGS:MQ) agreed to acquire Power Finance Inc.

Marqeta Announces Management Changes

Marqeta, Inc. to Report Q4, 2022 Results on Feb 28, 2023

Marqeta Announces New Web Push Provisioning Product, Expanding Industry-Leading Payment Card Tokenization Capabilities

High number of new directors

Marqeta, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2022

Marqeta, Inc. Announces the Release of Marqeta for Banking

Marqeta Names Jeff Parker as New SVP and Managing Director, International

Marqeta, Inc. to Report Q3, 2022 Results on Nov 09, 2022

Marqeta, Inc. (NasdaqGS:MQ) announces an Equity Buyback for $100 million worth of its shares.

Marqeta, Inc. Announces Executive Changes

Marqeta, Inc. Announces Chief Executive Officer Changes

Second quarter 2022 earnings released: US$0.082 loss per share (vs US$0.29 loss in 2Q 2021)

Marqeta, Inc. Provides Revenue Guidance for the Third Quarter of 2022

High number of new directors

Marqeta, Inc. Announces Simon Khalaf as Chief Product Officer

High number of new directors

Marqeta, Inc. to Report Q2, 2022 Results on Aug 10, 2022

Marqeta Announces Expansion of its Credit Platform, Further Empowering Customers to Design Innovative Credit Card Experiences with Great Control and Speed

High number of new directors

Marqeta, Inc. Provides Earnings Guidance for the Second Quarter of 2022

Marqeta, Inc., Annual General Meeting, Jun 16, 2022

Marqeta, Inc. to Report Q1, 2022 Results on May 11, 2022

Now 28% undervalued

High number of new directors

Marqeta, Inc. Raises Earnings Guidance for the Fourth Quarter of 2021

Marqeta, Inc. to Report Q4, 2021 Results on Mar 09, 2022

High number of new directors

CEO Compensation Analysis