Bakkt names Matt White as CFO, succeeding Karen Alexander

Bakkt, Inc. (NYSE: BKKT) appointed Matt White as Chief Financial Officer, effective August 17, 2026, according to a company statement. White succeeds Karen Alexander, who left the CFO role on August 14, 2026, and will remain with the company in an advisory capacity during the transition.

White brings more than two decades of public company finance experience in technology, payments, capital markets, and corporate strategy. He most recently served for over seven years as CFO and Corporate Secretary of CoreCard Corporation (NYSE: CCRD), a payment technology company that was acquired by Euronet Worldwide in October 2025.

"Matt brings exactly the profile we want in a CFO for the next phase of Bakkt," said Akshay Naheta, CEO of Bakkt. "He combines deep public company discipline with technology and payments experience, strategic thinking and an execution-oriented approach to finance."

As part of his compensation package, White will receive 90,000 restricted stock units (RSUs) and 60,000 stock options with an exercise price of $10.00 per share. The RSUs will vest in installments of 35,000 on the first anniversary, 35,000 on the second anniversary, and 20,000 on the third anniversary of the grant date. The options will vest in three equal annual installments over the same period. The awards will be granted as inducement awards under NYSE Listed Company Manual Section 303A.08, without shareholder approval.

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