CFOs On the Move: Week ending Jan. 9

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Marqeta, a card issuing platform, appointed Patti Kangwankij as finance chief, effective Feb. 9. Kangwankij joins Marqeta from real estate technology firm Roofstock, where she has been CFO since January 2025. Before that, she worked at payment processing platform Stripe for over four years, including as head of payments finance and strategy. She earlier spent 14 years at JPMorgan Chase, where she started in the investment bank, before becoming managing director and CFO for its co-branded credit card and merchant services businesses. Kangwankij succeeds Mike Milotich, who was appointed Marqeta’s chief executive officer in September 2025.

Josh Borfitz was promoted to senior associate athletic director and chief financial officer of the University of North Carolina Athletics. Borfitz has been a part of the Carolina Athletics’ financial leadership team for the past eight years, most recently as associate athletic director and controller. He earlier worked as a CPA with PwC. Borfitz succeeds Martina Ballen, who is retiring at the end of the month. Ballen has worked in the UNC Athletics Business Office for the last 38 years. 

Spencer Hart was named chief financial officer of Loop Industries, a Canada-based clean technology company that turns plastic waste into sustainable PET and polyester fiber. Hart, whose appointment is effective Jan. 15, has been a member of Loop’s board of directors since February 2025. He has most recently worked as a senior managing director and senior adviser at Guggenheim Securities. Interim CFO Mike De Notaris will continue with Loop in his role as vice president of corporate development. 

Green Plains named Ann Reis as chief financial officer. Reis joins the biorefining company from Southwest Iowa Renewable Energy, where she was CFO, chief accounting officer and assistant secretary of the board of directors. She has over 20 years of experience across agribusiness, energy and financial services, including leadership roles as AVP of corporate accounting, finance controls and governance at Lincoln Financial Group and director of finance and internal audit at ConAgra Foods. Reis replaces Phil Boggs, who is leaving the company. Boggs has held multiple finance leadership roles over the past 16 years and has been CFO since November 2024. 

SpliceBio, a genetic medicines company, hired Don Munoz as CFO. Munoz most recently held the same position at Aurion Biotech, where he helped lead the ocular cell therapy firm’s acquisition by Alcon in March 2025. He earlier held finance leadership roles at biopharmaceutical companies NuCana and Noxxon Pharma. Earlier in his career, he held senior leadership roles in healthcare investment banking, including as managing director and head of medical technology investment banking at Cowen & Company and Leerink Partners, as well as leadership positions at Deutsche Bank. 

Bitcoin miner Riot Platforms promoted Jason Chung to chief financial officer, effective March 1. Chung joined the company in May 2022 and was promoted to his current position of executive vice president and head of corporate development and strategy in July 2023. Before joining Riot, Chung worked at financial services group Nomura, most recently as managing director of M&A. Chung succeeds Colin Yee, who has been CFO since 2022. Yee will transition to a senior adviser role to help with the transition.

Tim Adams was named chief financial officer of Validity, an email marketing platform. Adams most recently worked at cybersecurity company Rapid7, where he has been CFO for the last four years. Before that, he held CFO positions at several companies, including Bitsight, Demandware and athenahealth.