Overview
- OpenAI announced the appointments of David Vélez, founder and CEO of Nubank, and Robin Vince, chairman and CEO of BNY, to its nonprofit OpenAI Foundation board and its for-profit OpenAI Group PBC board.
- The appointments, announced Tuesday, are meant to strengthen financial oversight and market-readiness as OpenAI advances toward a potential public offering after a confidential SEC filing in June.
- The company is carrying a reported valuation near $850–$852 billion and has engaged Goldman Sachs and Morgan Stanley as lead banks as it weighs timing for a possible fall listing.
- Vélez brings experience building a large digital bank in Latin America and recent U.S. national bank approval steps, and Vince brings decades of risk and treasury experience from Goldman Sachs and BNY, which the company says will aid commercialization and philanthropy work.
- The moves follow last year’s governance upheaval and October’s recapitalization that placed controlling equity in the OpenAI Foundation, a structure intended to shape oversight as the company scales and seeks public markets.