Airbnb to designate female board member?Yes IPO? Maybe

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Airbnb CEO Brian Chesky talks store at Recode’s yearly tech confab.


Asa Mathat for VoxMedia

Airbnb is wanting to make some modifications in the coming year.

CEO Brian Chesky stated Wednesday that the business is preparing to designate a minimum of one female board member this year, perhaps even 2. He was speaking at Recode’s yearly tech confab in Los Angeles.

“We are focusing our pool on people who can add diversity to the board,” Chesky stated.

Airbnb’s board is all male and primarily white, as are the boards of a lot of Silicon Valley business. The portions of ladies and minorities in tech are low, and the portions in technical functions and upper management are even lower. A variety of business, consisting of Facebook, Lyft and Airbnb, are intending to alter that.

The board at Airbnb has 6 members, 3 of whom are creators. There’s just one independent director, Ken Chenault, who was the CEO of American Express for the last 17 years and who’s likewise on Facebook’s board.

“We need to add at least two or three independent directors,” Chesky stated.

Airbnb’s consultation of Chenault to its board seemed preparing for a going public. The business likewise called Belinda Johnson as its very first chief running officer inFebruary

In the past Chesky, has stated the business isn’t going to do an IPO anytime quickly, however on Wednesday he appeared more open up to the possibility. He stated Airbnb will be prepared for an IPO within the next year, however he does not understand if it will really go through with one.

“I want to make sure that it’s a major benefit to the company when we do it,” he stated. “I have no issues with it at all whatsoever. It could happen.”

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