Financial trading services provider, Robinhood announced recently that the company has welcomed Frances Frei, one of the world’s leading researchers and a professor of technology and operations management at Harvard Business School, to its Board of Directors.
Robinhood mentioned that Jan Hammer, General Partner at Index Ventures, will resign from the board on 31 December to focus on investments in emerging startups and founders. Hammer has been an integral part of Robinhood for the last few years.
Frei has a broad range of experience in the global corporate sector. In her career, she advised some of the world’s prominent organizations on large-scale change initiatives. Frei’s extensive research investigates how leaders create the conditions for organizations and individuals to thrive by designing for excellence in strategy, operations and culture.
“Frances is globally recognized for her work helping high-growth organizations take their performance to the next level,” said Vlad Tenev, CEO and Co-Founder of Robinhood. “She’s a constant advocate for building trust both with customers and within organizations, making her an incredible addition to our board."
Robinhood gained immense popularity in 2021 due to a surge in the adoption of digital assets. The company’s Q2 revenues jumped 131% and $233 million came from crypto trading.
Board of Directors
Robinhood Markets’ Board of Directors consists of CEO and Co-Founder Vlad Tenev, Chief Creative Officer and Co-Founder Baiju Bhatt, and lead independent director Jon Rubinstein. Moreover, Scott Sandell, Paula Loop, Robert Zoellick and Dara Treseder are part of the company’s Board of Directors.
Frei praised the recent growth of Robinhood and expressed her happiness on the joining announcement. “Robinhood is one of the rare examples of a business where a relentless drive to delight customers is embedded across the organization. I’m thrilled to be part of Robinhood’s Board of Directors and help the company pursue its mission to democratize finance for all,” she said in the press release.
