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New Marqeta CTO Appointment Meets Weak Share Price And Valuation Concerns

New Marqeta CTO Appointment Meets Weak Share Price And Valuation Concerns

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  • Marqeta (NasdaqGS:MQ) has appointed Lukasz Strozek as Chief Technology Officer.

  • Strozek will lead Marqeta’s global technology and engineering functions.

  • The appointment brings additional fintech and product leadership experience to the company.

For investors watching Marqeta at a share price of $3.81, this leadership change comes after a period of weaker stock performance. The stock is down 8.6% over the past week, 13.2% over the past month, 17.9% year to date and 24.4% over the past year, while the 3-year return is down 15.0%.

This kind of senior technology hire often indicates how a company plans to…

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