OpenAI Announces Sam Altman’s Return as CEO and New Board, Following Agreement

OpenAI has disclosed a preliminary arrangement for Sam Altman to resume his role as CEO, accompanied by the formation of an inaugural board featuring Bret Taylor (Chair), Larry Summers, and Adam D’Angelo. This update was conveyed through a post on X, formerly known as Twitter. Sam Altman expressed his eagerness for his return in a statement, posting on the microblogging site, “With the new board and Satya’s (Nadella) support, I’m looking forward to returning to OpenAI.”

In a post on X, OpenAI announced Sam Altman’s reinstatement as CEO, unveiling a new agreement and the establishment of a revamped initial board composed of Bret Taylor, Larry Summers, and Adam D’Angelo.

A post on X, formerly Twitter, declared, “We have reached an agreement in principle for Sam to return to OpenAI as CEO with a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D’Angelo.”

Sam Altman shared his sentiments on the microblogging site, expressing his dedication to OpenAI. “I love OpenAI, and everything I’ve done over the past few days has been in service of keeping this team and its mission together. With the new board and with Satya’s (Nadella) support, I’m looking forward to returning to OpenAI.”

Previously, on Monday, OpenAI had appointed Emmett Shear, former head of Twitch, as the interim CEO after Sam Altman transitioned to a role at Microsoft, one of OpenAI’s backers.

Microsoft CEO Satya Nadella responded to Sam Altman’s post on X, stating it is a crucial first step toward more stable and effective governance. “We are encouraged by the changes to the OpenAI board. We believe this is a first essential step on a path to more stable, well-informed, and effective governance.”

In a Saturday announcement, OpenAI cited the ‘lack of consistent candor in his (Sam) communications’ as the primary reason for Altman’s removal. OpenAI stated, “The board no longer has confidence in his ability to continue leading OpenAI. Mr. Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities.”

more insights

GlobalBizOutlook is the platform that provides you with best business practices delivered by individuals, companies, and industries around the globe. Learn more

GlobalBizOutlook is the platform that provides you with best business practices delivered by individuals, companies, and industries around the globe. Learn more

Advertise with GlobalBiz Outlook

Fill the details to get 

  • Detailed demographic data
  • Affiliate partnership opportunities
  • Subscription Plans as per Business Size
Advertise with GlobalBiz Outlook

Are you looking to reach your target audience?

Fill the details to get 

  • Detailed demographic data
  • Affiliate partnership opportunities
  • Subscription Plans as per Business Size