Bakkt Holdings in Alpharetta, Ga., selected one of its directors to become its next CEO.
The crypto custody firm said in a press release that Andy Main will also become president on March 26. He will succeed Gavin Michael, who will step down to pursue other opportunities.
Michael will serve in an advisory role through March 2025 to assist with leadership transition and advise the board and executive team on strategic matters.
Main, a former CEO of Ogilvy, joined Bakkt’s board in 2021.
“Over the course of his career, Andy has been at the forefront of technology–specifically, how to commercialize the latest technology innovations for some of the largest, most influential companies in the world,” Sean Collins, Bakkt’s chairman, said in the release. “Over the course of his career, he is a proven company builder and change agent, and will bring his relentless focus on shareholder value creation to Bakkt.”