According to Foresight News, Bakkt CEO Gavin Michael will step down on March 26th but will continue to serve as an advisor until March 2025 to help with the transition. In addition, Andy Main has been appointed as the new CEO of Bakkt. He previously held a brief tenure as CEO of advertising company Ogilvy and held senior positions at Deloitte Digital.
Foresight News previously reported that Bakkt received a delisting warning notice from the New York Stock Exchange due to its stock price closing below $1 for 30 consecutive trading days.