OpenAI Faucets Former Nextdoor CEO Sarah Friar As Chief Monetary Officer

Friar served as CFO at Sq., sits on the board of Walmart and labored at McKinsey, Salesforce and Goldman Sachs. She was tapped alongside Kevin Weil, who will function chief product officer.

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‘OpenAI introduced this week the hiring of former Nextdoor CEO Sarah Friar as its first chief monetary officer.

Friar beforehand served as a CFO on the monetary providers firm Sq., presently sits on the board of Walmart and in addition labored at Goldman Sachs, McKinsey and Salesforce. Her hiring was introduced alongside the appointment of Kevin Weil as chief product officer. Weil beforehand labored at Twitter and Meta.

“Sarah and Kevin carry a depth of expertise that can allow OpenAI to scale our operations, set a method for the subsequent section of progress, and be certain that our groups have the sources they should proceed to thrive,” OpenAI CEO Sam Altman mentioned in a press release

The appointments got here after the high-profile departures of a number of OpenAI executives together with OpenAI co-founder and chief scientist Ilya Sutskever, who left in Might six months after enjoying a task in Altman’s firing and rehiring as CEO.

Throughout her time as CEO of Nextdoor Friar inspired actual property brokers to make use of the neighborhood-based social media platform to generate leads.

“You’re in a market space that’s all about neighborhood,” Friar said at an Inman Connect event in 2019. “Folks don’t purchase a home, they purchase a house. Folks don’t need to see bricks and mortar, they need to perceive who’re my neighbors what are the native faculties like, how pleasant are folks.”

The corporate, nonetheless, raised its costs on actual property commercials below her tenure, drawing criticism from brokers who advised Inman in a 2019 article that they struggled to find leads through the platform.

At Inman Join New York 2024, Friar encouraged agents to go further in their efforts to ingratiate themselves into the communities they serve.

“We’re good for all of you as a result of we’re the neighborhood,” Friar mentioned. “What I like about actual property brokers, Realtors, is you’re the new neighborhood activists. You’re the individuals who care most about your communities.”

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