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Marblegate Capital Corporation Announces Appointment of Meera Joshi to Board of Directors

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Marblegate Capital (OTCQX: MGTE) has appointed Meera Joshi to its Board of Directors. Joshi brings significant transportation policy expertise as the former First Deputy Mayor for Operations and ex-CEO/Chair of the NYC Taxi and Limousine Commission. She joins existing board members Harvey Golub, Andrew Milgram, Sarah Feinberg, and Frederick Herbst.

Joshi's extensive background includes serving as Administrator of USDOT's Federal Motor Carrier Safety Administration and implementing key transportation policies such as the first for-hire driver pay protection program. During her tenure at the NYC Taxi and Limousine Commission (2014-2019), she established open transportation data standards and improved wheelchair-accessible transportation.

MCC positions itself as the largest publicly traded, vertically integrated fleet operator and specialty finance lender in the NYC taxi market. The company played a important role in implementing the NYC MRP+ medallion debt relief program to address predatory lending practices affecting drivers.

Marblegate Capital (OTCQX: MGTE) ha nominato Meera Joshi nel suo Consiglio di Amministrazione. Joshi apporta una significativa esperienza nelle politiche dei trasporti, avendo ricoperto il ruolo di First Deputy Mayor for Operations e di ex CEO/Presidente della NYC Taxi and Limousine Commission. Si unisce agli attuali membri del consiglio Harvey Golub, Andrew Milgram, Sarah Feinberg e Frederick Herbst.

Il suo ampio background include il ruolo di Amministratrice della Federal Motor Carrier Safety Administration del USDOT e l’implementazione di politiche chiave come il primo programma di tutela salariale per autisti a noleggio con conducente. Durante il suo mandato alla NYC Taxi and Limousine Commission (2014-2019), ha istituito standard aperti per i dati di trasporto e migliorato il trasporto accessibile alle persone in sedia a rotelle.

MCC si presenta come il più grande operatore di flotte integrato verticalmente e finanziatore specializzato quotato in borsa nel mercato dei taxi di New York. L’azienda ha avuto un ruolo importante nell’attuazione del programma di sollievo dal debito MRP+ per medaglioni a New York, volto a contrastare pratiche di prestito predatorie che colpivano gli autisti.

Marblegate Capital (OTCQX: MGTE) ha nombrado a Meera Joshi en su Junta Directiva. Joshi aporta una gran experiencia en políticas de transporte, habiendo sido la Primera Vicealcaldesa de Operaciones y ex CEO/Presidenta de la Comisión de Taxis y Limusinas de NYC. Se une a los miembros actuales del consejo Harvey Golub, Andrew Milgram, Sarah Feinberg y Frederick Herbst.

Su amplia trayectoria incluye haber sido Administradora de la Administración Federal de Seguridad de Autotransportes del USDOT y la implementación de políticas clave como el primer programa de protección salarial para conductores de vehículos de alquiler con conductor. Durante su gestión en la Comisión de Taxis y Limusinas de NYC (2014-2019), estableció estándares abiertos para datos de transporte y mejoró el transporte accesible para personas en silla de ruedas.

MCC se posiciona como el mayor operador de flotas integrado verticalmente y prestamista financiero especializado que cotiza en bolsa en el mercado de taxis de Nueva York. La compañía jugó un papel importante en la implementación del programa de alivio de deuda MRP+ para medallones en NYC, dirigido a combatir prácticas de préstamos depredadores que afectaban a los conductores.

Marblegate Capital (OTCQX: MGTE)는 Meera Joshi를 이사회에 임명했습니다. Joshi는 전 뉴욕시 부시장(운영 담당) 및 NYC 택시 및 리무진 위원회 전 CEO/의장으로서 교통 정책 분야에서 풍부한 전문 지식을 가지고 있습니다. 그녀는 기존 이사회 멤버인 Harvey Golub, Andrew Milgram, Sarah Feinberg, Frederick Herbst와 함께하게 됩니다.

Joshi의 광범위한 경력에는 USDOT 연방 자동차 운송 안전국(Federal Motor Carrier Safety Administration) 관리자 역할과 최초의 유료 운전자 임금 보호 프로그램과 같은 주요 교통 정책을 시행한 경험이 포함됩니다. 2014년부터 2019년까지 NYC 택시 및 리무진 위원회 재직 시절에는 개방형 교통 데이터 표준을 마련하고 휠체어 이용자 접근 가능한 교통 서비스를 개선했습니다.

MCC는 뉴욕시 택시 시장에서 가장 큰 상장된 수직 통합 차량 운영자이자 전문 금융 대출 기관으로 자리매김하고 있습니다. 이 회사는 운전자들을 괴롭히는 약탈적 대출 관행에 대응하기 위한 NYC MRP+ 메달리온 부채 구제 프로그램 시행에 중요한 역할을 했습니다.

Marblegate Capital (OTCQX : MGTE) a nommé Meera Joshi à son conseil d'administration. Joshi apporte une expertise significative en politique des transports, ayant été Première adjointe au maire chargée des opérations et ancienne PDG/présidente de la Commission des taxis et limousines de New York. Elle rejoint les membres actuels du conseil, Harvey Golub, Andrew Milgram, Sarah Feinberg et Frederick Herbst.

Son parcours étendu inclut son rôle d’administratrice de la Federal Motor Carrier Safety Administration du USDOT et la mise en œuvre de politiques clés telles que le premier programme de protection salariale pour les chauffeurs de véhicules avec chauffeur. Pendant son mandat à la Commission des taxis et limousines de NYC (2014-2019), elle a établi des normes ouvertes pour les données de transport et amélioré les transports accessibles aux personnes en fauteuil roulant.

MCC se positionne comme le plus grand opérateur de flotte intégré verticalement coté en bourse sur le marché des taxis de New York. L’entreprise a joué un rôle important dans la mise en œuvre du programme de soulagement de la dette MRP+ pour les médaillons à New York, visant à lutter contre les pratiques de prêt prédateurs affectant les chauffeurs.

Marblegate Capital (OTCQX: MGTE) hat Meera Joshi in seinen Vorstand berufen. Joshi bringt umfassende Expertise in Verkehrspolitik mit, da sie ehemalige First Deputy Mayor for Operations und ehemalige CEO/Vorsitzende der NYC Taxi and Limousine Commission ist. Sie tritt den bestehenden Vorstandsmitgliedern Harvey Golub, Andrew Milgram, Sarah Feinberg und Frederick Herbst bei.

Ihr umfangreicher Hintergrund umfasst die Tätigkeit als Administratorin der Federal Motor Carrier Safety Administration des USDOT sowie die Umsetzung wichtiger Verkehrspolitiken wie das erste Lohnschutzprogramm für Fahrer von Mietfahrzeugen. Während ihrer Amtszeit bei der NYC Taxi and Limousine Commission (2014-2019) etablierte sie offene Standards für Verkehrsdaten und verbesserte den rollstuhlgerechten Transport.

MCC positioniert sich als größter börsennotierter, vertikal integrierter Flottenbetreiber und spezialisierter Finanzkreditgeber im New Yorker Taximarkt. Das Unternehmen spielte eine wichtige Rolle bei der Umsetzung des NYC MRP+ Medallion-Schuldenentlastungsprogramms zur Bekämpfung von ausbeuterischen Kreditpraktiken, die Fahrer betrafen.

Positive
  • Appointment of experienced transportation policy expert strengthens board expertise
  • Company's position as largest publicly traded NYC taxi fleet operator and lender
  • Strategic involvement in NYC MRP+ medallion debt relief program
Negative
  • None.

Joshi, joining transportation and financial experts Directors Harvey Golub, Andrew Milgram, Sarah Feinberg, and Frederick Herbst, brings a wealth of experience in transportation policy as the former First Deputy Mayor for Operations and former CEO and Chair of the New York City Taxi and Limousine Commission

NEW YORK, April 23, 2025 /PRNewswire/ -- Marblegate Capital Corporation (MCC), a publicly traded company (OTCQX: MGTE), announced the appointment of Meera Joshi to the company's Board of Directors. Joshi served as Deputy Mayor for Operations for three years under Mayor Eric Adams, where she was charged with overseeing New York City's infrastructure portfolio. Prior to joining the Adams Administration, she was nominated by President Biden as Administrator of USDOT's Federal Motor Carrier Safety Administration, the agency responsible for regulation of interstate trucking.

"When Marblegate Asset Management entered the taxi industry in 2018 we sought to stabilize the marketplace and drive positive change by investing in a driver-first approach," said Andrew Milgram, Chief Executive Officer of MCC. "We're confident that Meera's extensive experience in advocating for taxi drivers, executing complex transportation policy and depth of knowledge of highly regulated environments will help us advance these goals."

Joshi was previously Chair and CEO of the New York City Taxi and Limousine Commission from 2014-2019 under former Mayor Bill DeBlasio, where she spearheaded policy including establishing robust open transportation data standards, enacting the nation's first for-hire driver pay protection program and providing broad access to for-hire transportation for passengers in wheelchairs. She has also served as General Manager for the New York Office of Sam Schwartz Transportation Consultants and was a visiting scholar at New York University's Rudin Center for Transportation Policy.

Joshi joins a Board of Directors with extensive operational experience in the financial services and transportation sectors including Harvey Golub, Andrew Milgram, Sarah Feinberg, and Frederick Herbst.

  • Golub retired as CEO and Chairman of American Express in 2001 and now serves as Chairman of the Board of MCC. He has been a member of the advisory board of Marblegate Asset Management since 2009.
  • Milgram has served as Chief Investment Officer and Managing Partner of Marblegate Asset Management which he co-founded
  • Feinberg served as Interim President of New York City Transit, the largest transit system in North America, from 2020-2021 and as the Administrator of the Federal Railroad Administration from 2015-2017.
  • Herbst served as Chief Financial Officer of Ready Capital Corporation and as Managing Director of Waterfall Asset Management until his retirement in June 2019.

MCC believes it is the largest publicly traded, vertically integrated, full-service fleet operator and specialty finance lender in the NYC taxi market, leveraging Marblegate Asset Management's (Marblegate) years of deep industry experience and expertise, and strong portfolio operations capabilities to create a business that is transforming and institutionalizing the taxi industry. Marblegate played a pivotal role in the successful launch and implementation of the NYC MRP+ medallion debt relief program, designed to provide financial relief to drivers who were previously subject to predatory lending practices.

About Marblegate Capital Corporation
Marblegate Capital Corporation (OTCQX:MGTE), is a vertically integrated, full-service fleet operator and specialty finance lender in the New York City (NYC) taxi market. Marblegate Capital Corporation specializes in NYC taxi medallions as a lender, owner, and fleet operator. With a loan portfolio collateralized by more than 1,700 medallions and over 2,000 medallions owned, we believe we are the largest lender and owner of NYC taxi medallions as well as one of the largest NYC medallion Fleet operators*. What differentiates us is our end-to-end understanding of the taxi business and position as the most impactful player in the industry driving positive change. Marblegate Asset Management (Marblegate) is Marblegate Capital Corporation's external manager. Founded in 2008, Marblegate is an investment management firm that focuses on distressed and special situation investing. Marblegate transforms complex situations by taking a hands-on approach to drive positive business transformations amid complexity to create value and sustainable results. Marblegate played a pivotal role in the successful launch and implementation of the NYC MRP+ medallion debt relief program, designed to provide financial relief to drivers who were previously subject to predatory lending practices.

*As of December 31, 2024.

Cision View original content:https://www.prnewswire.com/news-releases/marblegate-capital-corporation-announces-appointment-of-meera-joshi-to-board-of-directors-302436369.html

SOURCE Marblegate Capital Corporation

FAQ

What experience does Meera Joshi bring to Marblegate Capital 's board (MGTE)?

Meera Joshi brings experience as former First Deputy Mayor for Operations, CEO/Chair of NYC Taxi and Limousine Commission, and Administrator of USDOT's Federal Motor Carrier Safety Administration, with expertise in transportation policy and driver advocacy.

How is Marblegate Capital (MGTE) involved in the NYC taxi industry?

MGTE is the largest publicly traded, vertically integrated fleet operator and specialty finance lender in the NYC taxi market, implementing the MRP+ medallion debt relief program to help drivers affected by predatory lending.

What major policies did Meera Joshi implement during her tenure at NYC Taxi and Limousine Commission?

During 2014-2019, she established open transportation data standards, implemented the first for-hire driver pay protection program, and improved wheelchair-accessible transportation services.

Who are the current board members of Marblegate Capital (MGTE)?

The board includes Harvey Golub (Chairman), Andrew Milgram, Sarah Feinberg, Frederick Herbst, and newly appointed Meera Joshi.
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