Mike Cagney’s Figure Technology Taps Tannenbaum as Its New CEO
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Figure Technology Solutions Inc. tapped Michael Tannenbaum as its new chief executive officer, ahead of the financial-services firm’s potential initial public offering.
Tannenbaum, former chief operating officer of Brex Inc., takes over leadership of Figure from co-founder Mike Cagney, the company said in a statement Tuesday. The two met at SoFi Technologies Inc., which Cagney co-founded and led, and where Tannenbaum was chief revenue officer. Cagney will stay on as executive chairman of Figure, which specializes in lending products using blockchain-enabled technology.