Industrious Ventures Announces Appointment of Matt White, EVP & CFO of Linde, to Stoke Space's Board of Directors

Rhea-AI Summary

Industrious Ventures announced that Matt White, Executive Vice President and Chief Financial Officer of Linde (NYSE: LIN), has joined the Stoke Space Board of Directors as Industrious Ventures' representative, succeeding Steve Angel.

White brings over two decades of industrial and engineering leadership, a B.S. in industrial engineering, an MBA in finance, CPA and CFA credentials, and oversight of Linde's global financial operations — experience cited as relevant to Stoke's pursuit of full, rapid reusability in orbital launch. The release also notes Linde's 2025 investments expanding liquid oxygen, nitrogen, and argon production near Cape Canaveral and Brownsville, Texas. Stoke is preparing for its first orbital launch while scaling development and production operations.

Positive

• Board seat filled by Global 500 CFO with industrial experience
• Linde 2025 investments expand rocket-grade gas production near launch sites

Negative

• None.

News Market Reaction

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-0.79% News Effect

On the day this news was published, LIN declined 0.79%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

DENVER, Dec. 18, 2025 /PRNewswire/ -- Industrious Ventures, a deep-tech venture firm backing founders reinventing the world's most critical industries, announced today that Matt White, Executive Vice President and Chief Financial Officer of Linde (NYSE: LIN), has joined the Board of Directors of Stoke Space, serving as the firm's representative.

White succeeds Steve Angel, Chairman of Linde and long-time advisor to Industrious Ventures, who has represented the firm on Stoke's board since it led the company's Series B in October 2023.

White brings more than two decades of leadership in global industrial and engineering companies. As EVP and CFO of Linde, the world's largest industrial gases and engineering company, he oversees the firm's global financial operations and has led large-scale capital programs, complex global supply chains, and mission-critical engineering systems, all directly relevant to Stoke Space's pursuit of full and rapid reusability in orbital launch.

He holds a B.S. in Industrial Engineering from Penn State University and an MBA in Finance from the University of Delaware, and is both a Certified Public Accountant and CFA charterholder.

Linde has been a critical enabler of the U.S. space industry for more than six decades, from supplying liquid oxygen for the Apollo program to supporting today's commercial launch providers. In 2025, the company announced major new investments in Mims, Florida (near Cape Canaveral) and Brownsville, Texas to expand production of liquid oxygen, nitrogen, and argon for rocket launches and spacecraft manufacturing, reinforcing its role as an essential partner to the growing space economy.

"Steve's insight and leadership have been instrumental as Stoke progressed from early development to the threshold of orbital flight," said Mason Angel, Founding Partner at Industrious Ventures. "Matt's appointment builds on that foundation, bringing exceptional depth and knowledge from his role as CFO of a Global 500 corporation, overseeing large-scale industrial operations and project financing in support of foundational industries across the globe."

"Stoke's pursuit of full reusability represents the kind of transformative engineering challenge that defines generational progress," said Matt White, EVP and CFO of Linde. "As Linde continues expanding its role in supporting the U.S. space economy, I look forward to supporting Stoke as they build the infrastructure and reliability needed for sustained orbital access."

"We're deeply grateful for Steve's guidance and excited to welcome Matt to the board," said Andy Lapsa, Co-Founder and CEO of Stoke Space. "His perspective at the intersection of industrial operations and financial strategy will be invaluable as we prepare for our first orbital launch and begin operating in both development and production environments."

About Industrious Ventures

Industrious Ventures backs founders reinventing the world's most critical industries—from the deep sea to deep space. With evergreen capital and long-term conviction, the firm partners with deep-tech builders from early development through scale-up and production. Industrious invests across aerospace, national security, energy, compute, manufacturing, and other foundational sectors where innovation strengthens the industrial economy. Learn more at www.industrious.vc.

Media Contact:
Alexandra Johnson
alexandra@industrious.vc 

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SOURCE Industrious Ventures

FAQ

Who is Matt White and what role did he accept on December 18, 2025 for Stoke Space?

Matt White, EVP and CFO of Linde (NYSE: LIN), joined the Stoke Space Board of Directors as Industrious Ventures' representative on December 18, 2025.

Which board member did Matt White replace on Stoke Space's board and when did that member begin representing Industrious Ventures?

Matt White succeeded Steve Angel, who represented Industrious Ventures on Stoke's board since the firm's Series B in October 2023.

How does Matt White's background at Linde relate to Stoke Space's objectives?

White oversees global financial operations and large-scale industrial programs at Linde, experience described as relevant to Stoke's goal of full, rapid reusability for orbital launch.

What specific Linde investments in 2025 were mentioned that support the U.S. space economy?

The announcement cites Linde's 2025 investments to expand production of liquid oxygen, nitrogen, and argon in Mims, Florida and Brownsville, Texas.

What stage is Stoke Space at following this board appointment?

Stoke Space is preparing for its first orbital launch and transitioning toward development and production operations, per the announcement.

Will Matt White serve as Industrious Ventures' representative on Stoke Space's board?

Yes. Matt White will serve as Industrious Ventures' representative on the Stoke Space Board of Directors.