Robinhood Markets, Inc. (NASDAQ: HOOD) has revealed that the Co-Founder and Chief Creative Officer, Baiju Bhatt, will be stepping down from his executive position after more than ten years of service. Bhatt, a pivotal figure in the company's journey since its inception, cited his desire to explore new entrepreneurial interests as the driving force behind his decision.

Driving Financial Inclusion: Reflections on Robinhood's Mission

Bhatt, who played a central role in shaping Robinhood's vision and mission, expressed his commitment to democratizing the financial services industry for the benefit of society. In his statement, he reflected on his journey with Robinhood, highlighting the tireless efforts and unwavering dedication of the team in delivering value to customers and shareholders alike.

"Since I helped found this company in 2013, Robinhood has been my life. For more than a decade, I have worked tirelessly to drive our mission to democratize the financial services industry for the betterment of society," Bhatt, the Chief Creative Officer and Co-Founder of Robinhood, said.

Acknowledging the collaborative spirit and innovative prowess of his colleagues, Bhatt expressed gratitude for the opportunity to work alongside some of the most dedicated individuals in the industry. He emphasized his continued support for Robinhood's mission and expressed confidence in the company's future trajectory.

Remaining on Robinhood's Board of Directors

Despite his transition from the executive role, Bhatt affirmed his commitment to Robinhood's journey by retaining his position as a member of the company's Board of Directors. This move underscores his dedication to guiding the strategic direction of the company and ensuring its continued success in achieving its mission.

“Bhatt and I have been Co-Founders for over 10 years and friends for over 20,” said Vlad Tenev, the CEO and Co-Founder of Robinhood. “His passion for entrepreneurship and commitment to our mission to democratize finance for all helped build Robinhood from a seed of an idea to the global public company it is today. Bhatt played a pivotal role in opening access to the markets for millions of new investors, and I am grateful for all of his contributions to Robinhood over the last decade.”