Mitek Appoints David Lyle as Chief Financial Officer
December 19 2023 - 4:49PM
Business Wire
Seasoned Technology and Financial Operations
Leader Joins Mitek’s Executive Team
Mitek Systems, Inc. (NASDAQ: MITK, Mitek or the Company), a
global leader in digital identity and fraud prevention is pleased
to announce the appointment of David Lyle as Chief Financial
Officer (CFO). He will assume the CFO role on January 2, 2024,
currently held by Fuad Ahmad, Mitek’s current interim CFO, who will
remain with Mitek during the next several months to ensure a
successful transition.
Lyle brings an impressive background with 28 years of technology
industry experience, 16 of which were spent leading public
companies as CFO, including Surgalign Spine Technologies (SRGAQ),
Airgain, Inc. (NASDAQ: AIRG), Maxwell Technologies (formerly
NASDAQ: MXWL) prior to its sale to Tesla and Entropic
Communications (formerly NASDAQ: ENTR) prior to its sale to
Maxlinear, Inc.
As Mitek’s Chief Financial Officer, Lyle will report directly to
Mitek’s Chief Executive Officer (CEO), Max Carnecchia, and will
oversee global finance and accounting, information technology and
security, and facilities.
“I am thrilled to welcome David to Mitek,” said Mitek CEO Max
Carnecchia. “With his robust background in both technology and
global finance, he is the perfect fit to help drive our growth and
profitability. David joins us during a pivotal scaling period for
our Digital Banking and Identity businesses, bringing valuable
expertise to the team. His vast experience leading high-growth
public and private organizations makes him an exceptional addition
to Mitek’s executive leadership team. I would also like to thank
and acknowledge Fuad for his interim leadership and many
contributions to the company this past year.”
"I am excited to join the Mitek team and its purpose-driven
culture,” David Lyle said. “Mitek’s established incumbency and its
exceptional reputation in the financial services market, coupled
with its groundbreaking AI-powered technology that empowers digital
identity verification, authentication, and fraud prevention,
provides an exciting entry point for me to help the Mitek team
continue expanding the business in this large and rapidly growing
market. I look forward to being part of its innovative next
chapter.”
Mitek was recently named an industry leader in Javelin Strategy
& Research’s 2023 Know Your Customer Solution Scorecard and by
Liminal, an advisory and market intelligence firm specializing in
the digital identity, cybersecurity and fintech markets.
About Mitek Systems, Inc.
Mitek (NASDAQ: MITK) is a global leader in digital identity and
digital fraud prevention, with technology to bridge the physical
and digital worlds. Mitek’s advanced identity verification
technologies and global platform make digital access faster and
more secure than ever, providing companies new levels of control,
deployment ease and operation, while protecting the entire customer
journey. More than 7,800 organizations use Mitek to enable trust
and convenience for mobile check deposit, new account opening and
more. Learn more at www.miteksystems.com.
Follow Mitek on LinkedIn and YouTube, and read Mitek’s latest
blog posts here.
Notice Regarding Forward-Looking Statements
Statements contained in this news release relating to the
Company or its management’s intentions, hopes, beliefs,
expectations or predictions of the future, including, but not
limited to, statements relating to the Company or its management’s
intentions, hopes, beliefs, expectations or predictions of the
future, including, but not limited to, statements relating to
driving growth and profitability, the Company’s expectations
regarding a pivotal scaling period for the Company’s Digital
Banking and Identity business and expanding the business in a large
and rapidly growing market constitute forward looking statements.
Such forward-looking statements are subject to a number of risks
and uncertainties, including, but not limited to, risks related to
the Company’s ability to withstand negative conditions in the
global economy, a lack of demand for or market acceptance of the
Company’s products, the impact of the Company’s acquisition of
HooYu Ltd. including any operational or cultural difficulties
associated with the integration of the businesses of Mitek and
HooYu Ltd., the Company’s ability to continue to develop, produce
and introduce innovative new products in a timely manner, the
Company’s ability to capitalize on a growing market, quarterly
variations in revenue, the profitability of certain sectors of the
Company, the performance of the Company’s growth initiatives, the
outcome of any pending or threatened litigation, and the timing of
the implementation and launch of the Company’s products by the
Company’s signed customers.
Additional risks and uncertainties faced by the Company are
contained from time to time in the Company’s filings with the U.S.
Securities and Exchange Commission (SEC), including, but not
limited to, the Company’s Annual Report on Form 10-K for the fiscal
year ended September 30, 2022, as filed with the SEC on July 31,
2023 and its quarterly reports on Form 10-Q and current reports on
Form 8-K, which you may obtain for free on the SEC’s website at
www.sec.gov. Collectively, these risks and uncertainties could
cause the Company’s actual results to differ materially from those
projected in its forward-looking statements and you are cautioned
not to place undue reliance on these forward-looking statements,
which speak only as of the date hereof. The Company disclaims any
intention or obligation to update, amend or clarify these
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required under
applicable securities laws.
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Investor Contact: Todd Kehrli or Jim Byers MKR Investor
Relations, Inc. mitk@mkr-group.com
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