Robinhood Markets, Inc. (NASDAQ:HOOD) announced that co-founder and Chief Creative Officer Baiju Bhatt will step down from his executive role after ten years of leadership to pursue other business interests.
Mr. Bhatt will remain a member of Robinhood’s Board of Directors.
“Baiju and I have been co-founders for over 10 years and friends for over 20,” said Vlad Tenev, CEO and Co-Founder of Robinhood. “His passion for entrepreneurship and commitment to our mission to democratize finance for everyone helped build Robinhood from the seed of an idea to the global public company it is today. Baiju has been instrumental in opening up access to the markets for millions of new investors, and I am grateful for all of his contributions to Robinhood over the past decade.”
“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,” said Baiju Bhatt, Chief Creative Officer and Co-Founder of Robinhood. “It has been a privilege to work with some of the most dedicated, creative and innovative people who deliver every day for our customers and shareholders. I look forward to remaining on the Robinhood Board of Directors and continuing to support our mission. I’ll have more to share about my next steps soon, but know that the future has never been brighter.”