BRIEF-Openai Says Sam Altman Will Depart As CEO And Leave The Board Of Directors

Microsoft Corp: * OPENAI - SAM ALTMAN WILL DEPART AS CEO AND LEAVE THE BOARD OF DIRECTORS

* OPENAI- SEARCH PROCESS UNDERWAY TO IDENTIFY PERMANENT SUCCESSOR * OPENAI - MIRA MURATI, THE COMPANY’S CHIEF TECHNOLOGY OFFICER, WILL SERVE AS INTERIM CEO, EFFECTIVE IMMEDIATELY

* OPENAI - GREG BROCKMAN WILL BE STEPPING DOWN AS CHAIRMAN OF THE BOARD AND WILL REMAIN IN HIS ROLE AT THE COMPANY, REPORTING TO THE CEO * OPENAI -ALTMAN’S DEPARTURE FOLLOWS DELIBERATIVE REVIEW PROCESS BY BOARD, WHICH CONCLUDED THAT HE WAS NOT CONSISTENTLY CANDID IN COMMUNICATIONS WITH BOARD

* OPENAI - THE BOARD NO LONGER HAS CONFIDENCE IN ALTMAN’S ABILITY TO CONTINUE LEADING OPENAI * OPENAI - AT THE SAME TIME, WE BELIEVE NEW LEADERSHIP IS NECESSARY AS WE MOVE FORWARD Source text for Eikon: Further company coverage: