Sam Altman is set to resume the role of CEO at OpenAI, successfully navigating a recent boardroom upheaval that plunged the company into turmoil in recent days. Additionally, former president Greg Brockman is also slated to make a return.
The company said in a statement late Tuesday that it has an “agreement in principle” for Altman to return alongside a new board composed of Bret Taylor, Larry Summers, and Adam D’Angelo. D’Angelo is a holdover from the previous board that initially fired Altman on Friday.
A source with direct knowledge of the negotiations says that the sole job of this initial board is to vet and appoint a new formal board of up to 9 people that will reset the governance of OpenAI. Microsoft will likely have a seat on that expanded board, as will Altman himself.
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Sam Altman’s Surprising Return
Altman and Microsoft CEO Satya Nadella have both now tweeted about the deal to return.
When asked what “in principle” means, an OpenAI spokesperson said the company had “no additional comments at this time.”
Altman’s return is even more surprising than his abrupt departure on Friday. Initially, OpenAI’s nonprofit board appeared firm in its choice to oust Altman, quickly appointing two CEOs in three days to prevent his reinstatement. Simultaneously, OpenAI’s employees staged a revolt, expressing their intention to join Microsoft alongside Altman and co-founder Greg Brockman unless the board stepped down.
During the whole saga, the board members who opposed Altman withheld an actual explanation for why they fired him, even under the threat of lawsuits from investors. On Sunday, a key member of the board, Ilya Sutskever, flipped back to Altman’s camp, leaving the remaining three board members more vulnerable.
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