Robinhood announces 3 new board members as it gears up for IPO

Robinhood announces 3 new board members as it gears up for IPO

Robinhood is adding three new independent directors to its board, the , a move that brings the company one step closer to its highly anticipated IPO. The new members, Jon Rubinstein, Paula Loop, and Robert Zoellick will join current members Jan Hammer and Scott Sandell, as well as Robinhood co-founders Vlad Tenev and Baiju Bhatt. In particular, the addition of Paula Loop to the board, effective June 17, helps the company meet a requirement from Goldman Sachs that all companies that seek to go public with the bank have . Goldman Sachs is , and CEO David Solomon said the target will be raised to two this year. "Jon, Paula, and Bob bring tremendous experience across finance, technology, accounting, governance, international markets and public policy. They will each provide invaluable leadership for Robinhood as we continue to build great products for customers and pursue our mission to democratize finance for all," Tenev said in a statement. Jon Rubinstein, who will serve as lead independent director, has served in prominent roles in tech and finance over the years, including with Apple as senior vice president of the iPod division, as well as co-CEO at Bridgewater Associates. He is also lead director