Green Dot Corporation , a leading digital bank and fintech that delivers seamless banking and payment tools for consumers and businesses, announced that its Board of Directors has engaged Citi to initiate a process to explore potential strategic alternatives. The Board of Directors and management team are committed to acting in the best interests of Green Dot, its stockholders and its stakeholders.
No assurances can be given as to the outcome or timing of the strategic review process, and Green Dot does not intend to make any further public comment regarding the process until it determines that disclosure is appropriate.
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Green Dot also announced today that William I Jacobs, who has served as Chairperson of Green Dot’s Board of Directors since June 2016 and previously served as interim Chief Executive Officer from January 2020 through March 2020, has been appointed as interim Chief Executive Officer of Green Dot, effective as of March 7, 2025. Chris Ruppel, who has served as Green Dot’s Chief Revenue Officer since November 2022, has been appointed as interim President of Green Dot and interim Chief Executive Officer and President of Green Dot Bank, effective the same date. Mr. Jacobs and Mr. Ruppel succeed George Gresham, who ceased serving as Chief Executive Officer and President of Green Dot and Green Dot Bank and as a member of Green Dot’s Board of Directors, effective as of March 7, 2025.
Mr. Jacobs will continue to serve as Chairman of the Board, and Mr. Ruppel will continue to serve as Chief Revenue Officer.
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Mr. Jacobs has extensive leadership experience in the payments and financial services industry and at Green Dot. Most recently, Mr. Jacobs has served as Chairperson of Green Dot’s Board of Directors since June 2016 and previously served as interim Chief Executive Officer from January 2020 through March 2020. He has served on the board of Repay Holdings Corporation, a publicly traded financial technology company, since July 2019 and served as a member of the board of Global Payments, Inc., a payment processing services company, from 2001 to April 2022, including as Chairman from June 2014 through September 2019 and Lead Independent Director from 2003 through May 2014.
Mr. Ruppel has significant operational experience at Green Dot. Prior to serving as Chief Revenue Officer, Mr. Ruppel served as General Manager of Green Dot’s direct-to-consumer business, focusing on the growth of its flagship digital bank, GO2bank, as well as General Manager of wage and corporate disbursements, leading Green Dot’s PayCard business and overseeing the development and launch of Green Dot’s earned wage access solution.
Source: Businesswire
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