OpenAI Adds 2 Bank CEOs to Boards as $850 Billion Company Nears IPO
Updated
Updated · CNBC · Jul 21
OpenAI Adds 2 Bank CEOs to Boards as $850 Billion Company Nears IPO
3 articles · Updated · CNBC · Jul 21
Summary
OpenAI named Nubank CEO David Vélez and BNY CEO Robin Vince to both its nonprofit and for-profit boards, adding senior finance leaders as it moves toward a potential public listing.
The company said the pair will bring complementary views on how technology can reshape industries and drive economic growth as OpenAI expands to more businesses and users.
OpenAI, valued at more than $850 billion, confidentially filed an IPO prospectus with the SEC in June but has not set a debut timeline.
The appointments build on an October recapitalization that left the OpenAI Foundation with control of the OpenAI Group PBC; the nonprofit's equity was then valued at about $130 billion.
The board changes also extend OpenAI's post-2023 governance overhaul, after Sam Altman was briefly ousted and then restored as CEO and director in 2024.