Goldman-backed fintech Marqeta nabbed an AWS exec to serve as chief revenue officer as it prepares for an IPO

Marqeta

Ahead of its upcoming initial public offering, startup Marqeta nabbed a key executive hire, and is looking to replace another. 

Darren Mowry, who previously served as managing director of Europe, Middle East, and Africa (EMEA) at Amazon Web Services, will join as Marqeta's chief revenue officer beginning in June, according to Marqeta's S-1 filing.

Mowry had been with AWS since 2011 until leaving this April. In his most recent role, Mowry helped lead AWS' growth in EMEA, including across 24 countries, according to his LinkedIn. 

Prior to AWS, Mowry spent time at Microsoft from 2002 to 2011, most recently serving as director of the mid-Atlantic district. 

Mowry replaces Omri Dahan, who served as Marqeta's chief revenue officer since 2012, before stepping down in February 2021, according to the S-1.

As Mowry joins, Marqeta's chief people officer, Lori McAdams, announced her resignation, according to the filing. Marqeta is searching for a replacement, and McAdams intends to stay on until the role is filled.

McAdams joined Marqeta in March 2020, and previously held leadership roles in HR at LendingHome and Pixar Animation Studios. 

Neither Mowry nor McAdams immediately responded to a request for comment. Marqeta declined to comment, citing the quiet period ahead of its public listing.

Marqeta is expected to list in mid to late-June, Insider has reported. It filed its S-1 on May 14.

Founded by Jason Gardner in 2010, Marqeta was last valued at $4.3 billion. The fintech offers card-issuing software to businesses like Instacart, Klarna, and Square. 

Through its APIs, businesses are able to issue both physical and virtual cards. Beyond fellow tech giants, Marqeta recently won deals with JPMorgan and Goldman Sachs.

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