Figure Technology Solutions, Inc. announced resignation of Michael S. Cagney as Chief Executive Officer: In connection with the reorganization of Figure Technology Solutions, Inc. (?Figure?), the Company?s parent company, in August 2025, and the completion of Figure?s subsequent initial public offering in September 2025, effective January 12, 2026, Michael S. Cagney resigned from his role as Chief Executive Officer of Figure Certificate Company, a Delaware corporation (the ?Company?). Mr. Cagney will remain as a director and the Chair of the board of directors to the Company. Appointment of Michael Tannenbaum as Chief Executive Officer: On January 13, 2026, Michael Tannenbaum was approved as the Company?s Chief Executive Officer.
Mr. Tannenbaum, 37 years of age, did not hold any previous positions with the Company but has served as the Chief Executive Officer of FT Intermediate, Inc., since April 2024, and following the reorganization, Figure. Prior to joining Figure, Mr. Tannenbaum served as an executive at Brex, Inc., a technology and financial services company. Mr. Tannenbaum served as Brex?s Chief Operating Officer from November 2021 to January 2024, and as its Chief Financial Officer and Chief Business Officer from July 2017 to November 2021.
Earlier in his career, Mr. Tannenbaum held significant leadership roles at SoFi Technologies, Inc. (NASDAQ: SOFI), a financial services company, from July 2014 to July 2017, including as Chief Revenue Officer. Mr. Tannenbaum also worked at Hellman & Friedman, a private equity firm, and in the investment banking division at JPMorgan Chase, a multinational investment bank and financial services company. Mr. Tannenbaum graduated summa cum laude from Columbia University with a B.A. in Economics and Urban Studies.
