Bakkt’s chief financial officer is leaving the firm next month after a little over a year with the Georgia-based crypto startup.
Announced on Friday, Drew LaBenne will be replaced by Bakkt’s chief accounting officer Karen Alexander, who is stepping into the role on an interim basis. Alexander previously worked at GE Capital in finance and accounting roles.
In an employee communication obtained by The Block, the firm said:
“Earlier this week, Drew LaBenne informed me that he will be stepping down as Chief Financial Officer of Bakkt next month. Drew has been a fantastic leader, shepherding our Company through several pivotal moments – our public listing, building out our finance & risk organizations, telling our story to investors, and much more.”
Bakkt first entered the market in 2018 with plans to launch a slate of digital asset tied initiatives — namely, bitcoin derivatives — and has since launched its own retail application that supports crypto purchases and allows us
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