Mitek Systems, Inc. announced the appointment of James ('J.D.') Fay to its board of directors, effective October 22, 2024. Mr. Fay will also serve as a member of the board’s audit committee, bringing over two decades of financial strategy and operational expertise to the company. This appointment follows the recent announcement of Edward H. West as Mitek’s new CEO, further solidifying the company’s commitment to building a strong leadership team.
Mr. Fay currently serves as Chief Financial Officer at Matterport, Inc., where he has overseen financial operations since 2017, during which time the company nearly quadrupled its revenues. He guided Matterport through its acquisition agreement with CoStar Group and led its transition from a hardware to a recurring revenue SaaS model. His experience is expected to provide valuable insights as Mitek focuses on scaling its recurring revenue streams and strengthening its market positioning.
Throughout his career, Mr. Fay has held globally focused senior executive, lawyer, and advisor roles for venture-backed and public technology companies, structuring and leading IPOs and managing strategic acquisitions. His extensive corporate governance and legal expertise will be a critical asset to the Mitek board. Separately, James C. Hale notified the company that he will not stand for reelection at the company’s annual meeting of stockholders in 2025.
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