GDOT - Green Dot Stock Rises 13% After New CEO Named
A new name is on the CEO's chair at Green Dot (NYSE: GDOT). The company announced on Wednesday that, effective that day, Dan Henry is in that position, and will also be president.
Henry replaces interim CEO William Jacobs, who had been serving in that capacity since January, and temporary president J. Christopher Brewster. Jacobs will continue in his role as board chairman, and Brewster will retain his board seat.
The announcement comes less than two months after activist investor Starboard Value disclosed a more than 9% stake in the fintech company. This followed the resignation of former CEO Steve Streit, and cuts to the company's guidance for full-year 2019.