Bakkt Holdings, Inc., has announced the appointment of Andy Main as its new President and Chief Executive Officer, effective March 26, 2024. This shift in leadership occurs at a crucial time for the organization as it stands at risk of being delisted from the New York Stock Exchange (NYSE) because of long-term trading of its stock below $1.
Andy Main, a member of the Bakkt Board of Directors since their IPO in 2021, has a strong background in business, having been the CEO of Ogilvy, an advertising firm, and instrumental in growing Deloitte Digital into a multibillion-dollar industry.
Gavin Michael, the CEO stepping down, will leave Bakkt to pursue new opportunities and will continue to contribute to Bakkt in an advisory capacity until March 2025. A few important milestones, however, were reached in his tenure, like the public listing of Bakkt and the advancement of its institutional custody solutions.
Addressing the Bakkt Delisting Threat
Bakkt’s situation regarding a potential deli
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