Bakkt Appoints Chip Goodroe as Chief Accounting Officer

Rhea-AI Summary

Bakkt Holdings, Inc. (NYSE: BKKT) has appointed Chip Goodroe as its new Chief Accounting Officer. He brings over 14 years of accounting experience, notably from Grant Thornton LLP, where he focused on audit and accounting advisory for both public and private entities. Goodroe will report to Karen Alexander, Bakkt's CFO, and lead the accounting function, including SEC and regulatory reporting. His expertise in technology and cryptocurrency aligns with Bakkt's mission to enhance consumer spending and loyalty programs through its digital asset platform.

Positive

• Chip Goodroe's appointment as Chief Accounting Officer introduces strong accounting expertise to Bakkt.
• His background in technology and cryptocurrency is expected to enhance Bakkt's accounting and compliance capabilities.

Negative

• No significant operational continuity concerns were addressed regarding Goodroe's transition into the new role.

ALPHARETTA, Ga.--(BUSINESS WIRE)-- Bakkt Holdings, Inc. (NYSE: BKKT) a digital asset platform that unlocks crypto and drives loyalty to create delightful, connected experiences for a broad range of clients, announced today that Chip Goodroe was appointed as its Chief Accounting Officer. In this role, Mr. Goodroe will report to Karen Alexander, Bakkt’s Chief Financial Officer, and will lead the Accounting function, including SEC and regulatory reporting.

“I’m pleased to welcome Chip to the team and into the role of Chief Accounting Officer,” said Ms. Alexander. “He is a great fit for Bakkt given his deep accounting expertise across technology and cryptocurrency.”

Mr. Goodroe is a seasoned accounting professional with more than fourteen years of experience with several public accounting firms. His most recent role included serving as a senior manager with Grant Thornton LLP on audit and accounting advisory engagements for public and private entities. He also has extensive experience in SaaS, software and cryptocurrency-facing businesses, and previously served on various national teams addressing accounting and audit risks associated with emerging accounting standards including ASC 606 and ASC 842.

Mr. Goodroe holds a B.B.A. in Accountancy from the University of Georgia, Terry College of Business and an M.S. in Accountancy from the University of Georgia, Terry College of Business.

About Bakkt:

Bakkt is a digital asset platform that unlocks crypto and drives loyalty to create delightful, connected experiences for a broad range of clients. Bakkt’s platform, available through the Bakkt App and to partners, amplifies consumer spending and bolsters loyalty programs, adding value for all key stakeholders within the Bakkt payments and digital assets ecosystem. Launched in 2018, Bakkt is headquartered in Alpharetta, GA. For more information, visit: https://www.bakkt.com/ | Twitter @Bakkt | LinkedIn https://www.linkedin.com/company/bakkt/

Bakkt-C

Source: Bakkt Holdings, Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220912005929/en/

Bakkt Media Contacts

Lauren Post, Head of Communications

Lauren.Post@bakkt.com

Investor Relations

Ann DeVries, Head of Investor Relations

Ann.DeVries@bakkt.com

Source: Bakkt Holdings, Inc.

FAQ

Who is Chip Goodroe and what is his role at Bakkt?

Chip Goodroe has been appointed as the Chief Accounting Officer at Bakkt, overseeing the accounting function and reporting to the CFO.

What experience does Chip Goodroe bring to Bakkt?

Goodroe has over 14 years of experience in accounting, particularly in audit and accounting advisory, with a focus on technology and cryptocurrency.

What are Bakkt's key operations and focus areas?

Bakkt operates as a digital asset platform aimed at enhancing consumer spending and loyalty through crypto solutions.

When did Bakkt announce the appointment of Chip Goodroe?

The announcement regarding Chip Goodroe's appointment was made public on the date of the press release.

What does the role of Chief Accounting Officer entail at Bakkt?

The Chief Accounting Officer at Bakkt is responsible for leading the accounting function, including SEC and regulatory reporting.