OpenAI Adds David Vélez and Robin Vince to Boards
OpenAI’s governance structure stems from its 2015 founding as a nonprofit and the creation of a for-profit subsidiary in 2019 to scale research and deployment. Following a recapitalization announced on Oct. 28, 2025, the nonprofit—renamed the OpenAI Foundation—retained control of OpenAI Group PBC, a public benefit corporation. The Foundation held a 26% stake valued at about $130 billion at the closing, linking its philanthropic resources to the company’s long-term growth.
OpenAI said on July 21, 2026, that David Vélez and Robin Vince had joined the boards of both the OpenAI Foundation and OpenAI Group PBC. Vélez is the founder, chairman and global CEO of Nubank, the Latin American digital bank he launched in 2013, which now serves more than 135 million customers. Vince is chairman and CEO of BNY, a financial institution with more than 240 years of history, and has led it since 2022, bringing experience in AI investment, risk and governance.
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The history behind this eventOpenAI Adds BNY, Nubank CEOs to Both Boards
OpenAI operates through a dual structure in which the nonprofit OpenAI Foundation oversees OpenAI Group PBC, requiring directors to balance commercial expansion with the mission of ensuring AI benefits the public. Adding senior banking executives broadens the board’s expertise in regulation, risk and large-scale operations as OpenAI deepens its ties with financial institutions. Vélez built Nubank into Latin America’s largest digital bank, while Vince leads BNY, a financial-services group with more than 240 years of history.
OpenAI said on July 21, 2026, that Nubank founder, Chairman and Global CEO David Vélez and BNY Chairman and CEO Robin Vince had joined the boards of both the OpenAI Foundation and OpenAI Group PBC. Nubank has more than 135 million customers, while Vince has run BNY as CEO since 2022 after 26 years at Goldman Sachs. OpenAI disclosed no transaction value or compensation tied to the appointments, presenting them as governance additions intended to support responsible deployment and global growth.
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