Mitek Announces CEO Transition Ahead of ‘Next Phase of Growth’

Mitek has announced a CEO transition as it prepares for “its next phase of growth,” in the words of the firm’s Nominating and Governance Committee Chairperson, Donna Wells.

Mitek’s Board of Directors has made the decision to end the tenure of current CEO Max Carnecchia on May 31, though he will be retained as a member of the Board of Directors and will be available to help with the leadership transition. Scott Carter, who has served on the company’s board since February of 2022, will be appointed Interim CEO on June 1.

“Now that Mitek has successfully navigated through a period of delayed SEC filings, the Board of Directors determined that putting new leadership in place would provide the best path forward to realize those significant opportunities,” explained Wells.

In announcing the change, Mitek emphasized Carter’s deep knowledge of Mitek and his professional experience more broadly, which will allow him to steer the ship while the Board searches for a new, permanent CEO. Among other previous roles, Carter spent almost four years serving as the CEO of ID Analytics. And in addition to his recent role on Mitek’s board, Carter was Mitek’s Chief Marketing Officer from July of 2013 to September of 2014.

For his part, Carter expressed enthusiasm about Mitek’s growing momentum in a few key market areas, including mobile identity and biometric technologies.

“Mitek’s recent product innovations, including Check Fraud Defender, MiVIP, MiPass, and ID R&D biometrics, are gaining market acceptance, positioning us well for continued profitable growth,” he said. “I believe deeply in our vision and look forward to working with the leadership team and partners to continue strengthening our business and driving growth through operational discipline and execution.”

Mitek acquired ID R&D in 2021, citing the firm’s expertise in liveness detection technology for facial recognition and anti-spoofing technology for voice recognition—technological innovations that are more important than ever amid today’s escalating threat of deepfake-based fraud. ID R&D recently announced the appointment of Peter Martis, a seasoned veteran of the biometrics industry, as its Vice President of Growth.

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May 14, 2024 – by Alex Perala