Marqeta has added Randy Kern to its executive team as the modern card issuing platform’s new Chief Technology Officer.
Kern’s role as the company’s top technologist means he will be responsible for scaling Marqeta’s global engineering team and driving technological advancements.
“Randy brings decades of software engineering experience to Marqeta, and his experience leading development teams and building software products that serve hundreds of thousands of customers will be vital in our next phase of growth,” Marqeta Founder and CEO Jason Gardner stated. “As we continue to evolve our product offerings to meet new kinds of customer demands for payments at massive scale, Randy has the engineering skillset and leadership experience required for us to continue to outpace the competition.”
Before joining Marqeta, Kern was a Salesforce executive and held the Chief Customer Technology Officer and EVP of Infrastructure Engineering roles throughout his seven years at the company. He also spent several years at Microsoft, where he led development for the Azure Compute team as the Partner Director of Development, and worked on other popular products, including Bing.
“From my first conversation with Jason, I knew Marqeta was a different kind of company,” Kern recalled. “Marqeta is challenging the status quo with a really innovative API-led approach, and I was drawn to a company solving such complex problems. I’m thrilled to be joining Marqeta at this unique time in the company’s journey and look forward to continuing to grow the engineering team.”
Kern joins the Marqeta team shortly after it debuted on the US stock market. Last month, on its first day of trading, the payments company’s shares closed up 13% at $30.52, giving it a market cap of just over $16 billion.
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