Robinhood Adds Frances Frei to Its Board of Directors

​(Source: LinkedIn)

US-based online broker Robinhood Markets, Inc. (Robinhood) announced on Tuesday the addition of Frances Frei to its Board of Directors, along with the departure of Jan Hammer,  effective December 31.

Frances is a Professor of Technology and Operations Management at Harvard Business School. Her research investigates how leaders create the conditions for organizations and individuals to thrive by designing for excellence in strategy, operations, and culture. She regularly advises organizations embarking on large-scale change initiatives, including embracing diversity and inclusion as a lever for significantly improving performance.

“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." 

Additionally, Jan will leave the Board, for Index Ventures to continue his focus on investing in early-stage companies and founders.

Previously, Fazzaco reported that Robinhood confirmed that late in the evening of November 3, it experienced a data security incident​. Specifically, an unauthorized third party obtained access to a limited amount of personal information for a portion of the broker's customers.