Openai Welcomes Nubank and BNY Executives to Board Ahead of IPO

WHO:

Wall Street Journal - OpenAI appointed David Vélez, founder and CEO of Nubank, and Robin Vince, CEO of BNY, to its board of directors.

CNBC - Sam Altman is the CEO of OpenAI and Bret Taylor is the chair of the OpenAI Foundation and OpenAI Group PBC Boards.

WHAT:

CNBC - OpenAI is moving toward a public listing and has appointed David Vélez and Robin Vince to its nonprofit and for-profit boards of directors.

CNBC - OpenAI is valued at more than $850 billion and has confidentially filed its prospectus with the Securities and Exchange Commission.

CNBC - OpenAI carried out a recapitalization in October, solidifying its structure as a nonprofit called the OpenAI Foundation, with a controlling stake in its for-profit business, the OpenAI Group PBC.

CNBC - The nonprofit's equity was valued at around $130 billion following the recapitalization.

WHERE:

CNBC - OpenAI is based in the United States.

WHEN:

CNBC - OpenAI filed its prospectus with the Securities and Exchange Commission in June.

CNBC - The recapitalization occurred in October.

WHY:

CNBC - The appointments of Vélez and Vince are intended to provide OpenAI with "complementary perspectives on how technology can reshape industries and drive economic growth."

CNBC - Bret Taylor stated that Vélez and Vince are "exceptional leaders who have used technology to reshape financial services and expand opportunity at global scale."

HOW:

CNBC - OpenAI's structure as a nonprofit was solidified through a recapitalization process.

(UPDATED July 22, 2026 01:29 UTC)

OpenAI has appointed David Vélez, founder and CEO of Nubank, and Robin Vince, CEO of BNY, to its boards of directors as it moves toward a public listing. The company, valued at over $850 billion, has confidentially filed its prospectus with the Securities and Exchange Commission after solidifying its nonprofit structure through a recapitalization last October. According to Bret Taylor, these appointments are aimed at bringing in exceptional leaders who can provide valuable insights on how technology can transform industries and foster economic growth.