Green Dot Corp. founder Steven Streit will retire as president, CEO and a director of the company and as chairman of its unit, Green Dot Bank, effective Dec. 31.
Streit will transition to the independent advisory role of chief innovation officer. Green Dot Chairman William Jacobs will serve as interim CEO of the company, while J. Christopher Brewster, chair of the audit committee, will be interim president.
All transitions will become effective Dec. 31.
Mark Shifke, Green Dot's CFO, will retire concurrent to Streit. Shifke will provide consulting services to the company for up to 12 months following the date of his retirement, according to a filing.
Green Dot's board appointed Jess Unruh, the company's operational CFO and chief accounting officer, to serve as interim CFO, effective Dec. 31.
Additionally, Green Dot disclosed that its non-GAAP total operating revenues for full year 2019 is expected to finish approximately at the low end of its previous guidance range of $1.06 billion to $1.08 billion.
The company anticipates adjusted EBITDA for 2019 to finish at the low end of its previous guidance range of $240 million to $244 million. Full-year non-GAAP EPS is expected to finish at around $2.73, in line with the previous guidance range of $2.71 to $2.77.