Green Dot Corp., a fintech and leading provider of prepaid debit cards, announced that founder and CEO Steve Streit will retire from his position to become chief innovation officer, while CFO Mark Shifke will also retire. 

The company named William Jacobs, chairman of the board, as interim CEO and J. Chris Brewster, who is currently the chair of the Green Dot Audit Committee, as interim president. Jess Unruh, the chief accounting officer and operational CFO, was named interim CFO. 

Streit said in a statement that he is fulfilling a promise to walk away from the role after two decades at the helm. 

"October marked Green Dot's 20th anniversary and the benchmark for when I promised myself and my family that I would retire from my role as Green Dot's CEO," he said in a company release. "While I didn't provide the board with any specific timeframe or date for my desired transition, earlier this year as part of our routine succession planning, the board established a search committee and retained a recruiter to identify strong candidates."

He said that the recruiter will be able to be even more productive now that his retirement is public, and noted that he will remain an advisor to the company and a large investor in Green Dot.