Backed by Intercontinental Exchange (ICE) cryptocurrency custody platform Bakkt has appointed David Clifton as new interim Chief Executive Officer.
Clifton replaced Mike Blandina, who has been serving as Bakkt CEO since December 2019. Blandina decided to leave the company "to pursue a new opportunity."
Clifton has played a leading role in the company’s deals, including the 2013 acquisition of NYSE Euronext, among other global strategic initiatives and transactions, an official announcement states.
"David Clifton has been deeply engaged in many of our most important initiatives over the years and, after helping to lead the acquisition of Bridge2 to accelerate the rollout of Bakkt’s consumer application, I know he will provide outstanding leadership for Bakkt as its Interim CEO," said Jeffrey Sprecher, Founder, Chairman and CEO of ICE.
Earlier iHodl reported that Kelly Loffler, the former Bakkt CEO, had been accused of selling several million dollars in stocks after she learned about the likely consequences of the coronavirus pandemic.