OpenAI said on July 21 that it has appointed two chief executives from publicly listed financial companies as independent directors on both its foundation and corporate boards: David Velez, founder and CEO of Brazilian digital bank Nubank, and Robin Vince, CEO of Bank of New York Mellon (BNY). With the two appointments, OpenAI’s board will expand from eight members to 10.
The company also outlined the backgrounds of the new directors. Velez founded Nubank in 2013 and previously worked on Latin America investments at Sequoia Capital, Goldman Sachs, and Morgan Stanley. Vince spent 26 years at Goldman Sachs, where he served as chief risk officer and chief operating officer.
OpenAI said it remains controlled by a nonprofit foundation that oversees a public-benefit company allowed to pursue profit. Most directors sit on both the foundation and company boards, while Chief Executive Officer Sam Altman is the only internal director.
OpenAI said on July 21 that it had appointed David Velez, founder and CEO of Brazilian digital bank Nubank, and Robin Vince, CEO of Bank of New York Mellon (BNY), as independent directors on both its foundation and company boards.
After the two appointments, OpenAI’s board will increase from eight members to 10.
Backgrounds of the new directors
Velez founded Nubank in 2013. Before that, he worked on Latin America investments at Sequoia Capital, Goldman Sachs, and Morgan Stanley.
Vince spent 26 years at Goldman Sachs, where he held roles including chief risk officer and chief operating officer.
Current governance structure
OpenAI is currently controlled by a nonprofit foundation that oversees a public-benefit company permitted to pursue profit. Most directors serve on both the foundation and company boards, and Chief Executive Officer Sam Altman is the only internal director.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
