Robinhood Markets, Inc. Co-Founder Baiju Bhatt To Step Down as Chief Creative Officer

Rhea-AI Summary

Robinhood Markets, Inc. announced that Co-Founder and Chief Creative Officer Baiju Bhatt will step down from his role after over a decade. Despite his departure, Bhatt will remain on the Board of Directors. CEO Vlad Tenev praised Bhatt's contributions to democratizing finance and opening access to markets for new investors. Bhatt expressed gratitude for the opportunity to drive Robinhood's mission and looks forward to supporting it in his new capacity.

MENLO PARK, Calif., March 21, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) today announced that Co-Founder and Chief Creative Officer, Baiju Bhatt, will step down from his executive role after over ten years in leadership to pursue other entrepreneurial 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 all helped build Robinhood from a seed of an idea to the global public company it is today. Baiju played a pivotal role in opening access to the markets for millions of new investors, and I am grateful for all of his contributions to Robinhood over the last 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 have delivered daily for our customers and shareholders. I look forward to remaining a member of the Robinhood Board of Directors and continuing to support our mission. I will have more to share about my next steps soon but know the future has never been so bright.”

About Robinhood

Robinhood Markets, Inc. is on a mission to democratize finance for all. In the U.S., people can invest with no account minimums through Robinhood Financial LLC, a registered broker dealer (member SIPC), buy and sell crypto through Robinhood Crypto, LLC, spend and earn rewards through debit cards with Robinhood Money, LLC and credit cards with Robinhood Credit, Inc., trade U.S. stocks without commission or FX fees in the UK through Robinhood U.K. Ltd., trade crypto in select jurisdictions in the European Union through Robinhood Europe, UAB, and access easy-to-understand educational content through Robinhood Learn.

Robinhood uses the “Overview” tab of its Investor Relations website (accessible at https://investors.robinhood.com/overview/) and its Newsroom (accessible at https://newsroom.aboutrobinhood.com/) as means of disclosing information to the public for purposes of the SEC’s Regulation Fair Disclosure (Reg. FD). Investors should routinely monitor those web pages, in addition to Robinhood’s press releases, SEC filings, and public conference calls and webcasts, as information posted on them could be deemed to be material information.

"Robinhood" and the Robinhood feather logo are registered trademarks of Robinhood Markets, Inc.

Contacts

Investor Relations

ir@robinhood.com

Media
press@robinhood.com

 

FAQ

Why is Baiju Bhatt stepping down from his role at Robinhood?

Baiju Bhatt is stepping down from his role as Chief Creative Officer at Robinhood to pursue other entrepreneurial interests after over ten years in leadership.

Who will remain on the Board of Directors at Robinhood?

Despite stepping down from his executive role, Baiju Bhatt will continue to be a member of Robinhood's Board of Directors.

What did CEO Vlad Tenev say about Baiju Bhatt's contributions to Robinhood?

CEO Vlad Tenev praised Baiju Bhatt's passion for entrepreneurship and commitment to democratizing finance, highlighting his role in opening access to the markets for new investors.

How long has Baiju Bhatt been with Robinhood?

Baiju Bhatt has been with Robinhood since its founding in 2013, dedicating more than a decade to driving the mission of democratizing the financial services industry.

What did Baiju Bhatt say about his time at Robinhood?

Baiju Bhatt expressed gratitude for the opportunity to work with dedicated and innovative individuals at Robinhood, delivering value to customers and shareholders. He looks forward to continuing to support the company's mission.