Inter-Continental Exchange (ICE) announces Mr. Mike Blandina as the new CEO of Bakkt and Mr.Adam White as the President of Bakkt.

The new appointment of CEO is announced as the company’s current CEO Kelly Loeffler had to leave the position after her appointment to the United States Senate, to replace Sen. Johnny Isakson from Georgia who is due to retire.

As per the sources of ICE, Loeffler is stepping down from her current CEO designation at Bakkt before taking the oath of office at Georgia and she will replace Georgia Senator Johnny Isakson, who is due to retire at the end of this month.

The Kemp’s decision of choosing Loeffler was against Trump’s choices as the President’s Camaraderies in the Republican Party reportedly urged Governor to select in favour of Rep. Doug Collins, an ardent supporter of US head of state.

Blandina served Bakkt as the Chief Product Officer in the recent past, in conjunction with leadership roles at other global companies, such as, OneMarket, Westfield, PayPal, Google and the Blackhawk Network, and has been successful among other key positions in the payments space.

While Mr. White served Bakkt as COO (Chief Operating Officer) after the company’s launch in 2018, following a long-term leadership role at Coinbase, bringing extensive crypto expertise to the firm. White began his career testing experimental aircraft as an officer in the U.S. Air Force.

“As the CEO, Mike will chart Bakkt’s strategic direction, payment products and markets, as well as overseeing the regulatory and financial performance of the company. His more than 25 years of experience in payments across product, engineering, strategy and operations will continue to serve us well,” said Jeffrey Sprecher, Founder, Chairman and CEO of ICE. “In his new role as President, Adam will focus on digital asset markets, custody and trading, as well as Bakkt’s strategic direction. Adam’s breadth of experience in crypto markets, and his work as a founding executive at Bakkt, give him a unique perspective that will help shape our future successes.”

ICE founder, chairman, and CEO Jeffrey Sprecher has said that Blandina will now be responsible for steering the company on its road to excellence. Sprecher said:

“As CEO, Mike will chart Bakkt’s strategic direction, payment products and markets, as well as overseeing the regulatory and financial performance of the company. His more than 25 years of experience across product, engineering, strategy and operations will continue to serve us well.”