Scott Sandell resigns from Robinhood BoD
Scott Sandell has notified Robinhood Markets, Inc (NASDAQ:HOOD) of his resignation as a member of the company’s Board of Directors. The change is effective May 12, 2022.
The company explains that Mr Sandell’s resignation was not the result of any disagreement between Mr. Sandell and Robinhood on any matter relating to the company’s operations, policies, or practices.
Effective as of Mr. Sandell’s resignation, the Board appointed Frances Frei as chair of the People and Compensation Committee and reduced the size of the Board from nine to eight directors.
Scott Sandell has served as a member of Robinhood’s board of directors since June 2016. He has served as Managing General Partner of New Enterprise Associates (NEA), a venture capital firm, since 2017, Co-Managing General Partner from 2015 to 2017, and as a General Partner since September 2000. Mr Sandell joined NEA in 1996.
Mr. Sandell is currently the lead independent director of Cloudflare and is a director of Bloom Energy and Tuya. He previously served on the board of directors of Fusion-io, Tableau Software, Workday and Spreadtrum Communications.
Mr Sandell holds an M.B.A. from Stanford University and an A.B. in Engineering Sciences from Dartmouth College.