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Marqeta, Inc. (NASDAQ:MQ) announced that its board of directors has designated Sarah Barkema, the company’s Chief Accounting Officer, as its Principal Accounting Officer, effective Tuesday. The change was disclosed in a statement based on a filing with the Securities and Exchange Commission.
With this appointment, Mike Milotich, Marqeta’s Chief Executive Officer and Chief Financial Officer, will no longer serve as the company’s Principal Accounting Officer.
Sarah Barkema, 43, has served as Chief Accounting Officer at Marqeta since September 2024. Prior to joining Marqeta, Barkema was Chief Accounting Officer at Stitch Fix, Inc. from November 2021 to September 2024. Previously, she held financial leadership roles at Fortive from February 2018 to November 2021, and at VF Corporation from October 2016 to February 2018. Earlier in her career, Barkema held accounting and reporting positions at NW Natural, Nike, and Deloitte & Touche.
Barkema holds a Bachelor of Business Administration in Accounting from the University of Iowa and an MBA in Accounting from Pittsburg State University.
According to the company, Barkema has no family relationships with any director or executive officer at Marqeta and is not party to any transactions requiring disclosure under SEC regulations.
Marqeta’s Class A common stock is listed on the Nasdaq Global Select Market under the symbol MQ. The information in this article is based on a press release statement filed with the SEC.
In other recent news, Marqeta Inc. reported its second-quarter earnings for 2025, revealing a net revenue of $150 million, which surpassed analyst forecasts of $141.07 million and demonstrated a 20% year-over-year growth. The company also achieved a breakeven EPS of $0.00, exceeding the expected EPS of -$0.0312. In a separate development, Marqeta has appointed Mike Milotich as its permanent Chief Executive Officer and added him to its Board of Directors. Milotich had been serving as Interim CEO since February 2025, alongside his role as Chief Financial Officer, which he has held since February 2022.
Additionally, Goldman Sachs recently downgraded Marqeta from Neutral to Sell, citing concerns over customer concentration issues stemming from changes in the company’s relationship with Block. This downgrade includes a revised price target of $5.00, down from $7.50, as Marqeta is expected to face a potential 2% headwind to gross profit in 2026. These developments offer a snapshot of Marqeta’s current business landscape, focusing on its financial performance, leadership changes, and analyst perspectives.
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