OpenAI Reinstates Sam Altman as CEO in 2025 Amid Major Board Restructuring
In a dramatic turnaround, OpenAI brings back Sam Altman as CEO after a brief dismissal, reshaping its board with industry leaders to strengthen governance and innovation.
KEY HIGHLIGHTS
- OpenAI announces the return of Sam Altman as CEO alongside a revamped board structure.
- This decision follows Altman’s recent dismissal and subsequent hiring by Microsoft.
- Microsoft, holding nearly 49% of OpenAI shares, supports the leadership restoration.
OpenAI, the creator of ChatGPT, has officially reinstated Sam Altman as its CEO after a brief period during which he was removed by the company’s board and then quickly hired by Microsoft (MSFT).
In tandem with Altman’s return, OpenAI revealed a restructured board designed to enhance company governance. Bret Taylor, ex-co-CEO of Salesforce, will serve as the new board chair, joined by former U.S. Treasury Secretary Larry Summers. Adam D’Angelo, Quora founder and previous board member, will continue his involvement.
Satya Nadella, Microsoft’s CEO, expressed strong support for the move, describing it as the “first essential step toward stable, informed, and effective governance” at OpenAI. Microsoft holds approximately 49% ownership in OpenAI and has invested billions amid soaring AI technology demand.
The reinstatement follows significant employee unrest, with hundreds threatening resignation unless Altman returned and the previous board stepped down. Microsoft also pledged to hire departing OpenAI staff, matching their existing compensation.
Following the announcement, Microsoft’s shares rose over 1% in early trading, recovering from a dip after Altman’s initial ousting and reaching record highs after his Microsoft hiring.
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