Green Dot Corporation has announced that its Board of Directors has engaged Citi to explore potential strategic alternatives, intending to act in the best interests of its stockholders and stakeholders. While no assurances have been made regarding the outcome or timeline of the process, the company has stated that it will not provide further public updates unless necessary. The review comes as Green Dot continues its role as a financial technology platform and registered bank holding company, delivering banking and payment solutions for consumers and businesses.
In addition to the strategic review, Green Dot has appointed William I. Jacobs as interim Chief Executive Officer and Chris Ruppel as Interim President, both effective from March 7, 2025. Jacobs, who has served as Chairperson of the Board since 2016, will continue in that role while leading the company in an interim capacity. Ruppel, currently Chief Revenue Officer, will also continue in that position while assuming new responsibilities. They succeed George Gresham, who has stepped down as CEO, President, and Board member. With Jacobs’ leadership experience in financial services and Ruppel’s operational expertise at Green Dot, the company aims to maintain stability while evaluating its strategic options.
