OpenAI appoints two public financial company CEOs as independent directors ahead of IPO

Odaily reported that on July 21, OpenAI, the developer behind ChatGPT, announced the appointment of David Velez, founder and CEO of Brazilian digital bank Nubank, and Robin Vince, CEO of BNY Mellon, as independent directors of its foundation and company. With the addition of the two new independent directors, OpenAI’s board will expand from 8 to 10 members. David Velez founded Nubank in 2013 and previously led Latin American investments at Sequoia Capital, Goldman Sachs, and Morgan Stanley. Robin Vince spent 26 years at Goldman Sachs, serving as Chief Risk Officer and Chief Operating Officer. OpenAI is currently controlled by a non-profit foundation that oversees a for-profit public benefit corporation, with most directors serving on both the foundation and company boards, and only CEO Sam Altman as an internal director.