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CEO of OpenAI Sam Altman walks through the Hart Senate Office Building, following meetings on Capitol Hill, in Washington, D.C., U.S., June 3, 2026.<\/p>\n
Evelyn Hockstein | Reuters<\/p>\n<\/div>\n<\/div>\n<\/div>\n
OpenAI said it appointed longtime financial executives David V\u00e9lez and Robin Vince to its nonprofit and for-profit boards of directors, as the company marches closer to a prospective IPO. <\/p>\n
V\u00e9lez is the CEO of Nubank, the largest digital bank in Latin America, and Vince is the CEO of the financial services company BNY. OpenAI said in a statement<\/a> on Tuesday that the pair will provide the company with “complementary perspectives on how technology can reshape industries and drive economic growth.”<\/p>\n The appointments come as OpenAI, which is valued at more than $850 billion, gears up for a potentially massive initial public offering. The company confidentially filed<\/a> its prospectus with the Securities and Exchange Commission in June, though it hasn’t disclosed an official timeline for when it plans to debut. <\/p>\n OpenAI carried out a recapitalization<\/a> in October that solidified its structure as a nonprofit, called the OpenAI Foundation, with a controlling stake in its for-profit business, the OpenAI Group PBC. The company said in a release at the time that the nonprofit’s equity was valued at around $130 billion, and it has since touted the organization as one of the most well-resourced nonprofits in the world. <\/p>\n “David and Robin are exceptional leaders who have used technology to reshape financial services and expand opportunity at global scale,” Bret Taylor, chair of the OpenAI Foundation and OpenAI Group PBC Boards, said in a statement. “Their experience will be invaluable as OpenAI serves more businesses and people around the world, working to ensure AI benefits everyone.” <\/p>\n V\u00e9lez and Vince will serve alongside OpenAI’s existing board members, including Taylor, the former co-CEO of Salesforce<\/a>