Sarah Friar

Last updated

Sarah Friar
OBE
Sarah Friar MoneyConf 2018.jpg
Friar in 2018
Born
Sarah Jane Friar

(1972-12-24) 24 December 1972 (age 52)
Nationality American, British, Irish
Education
OccupationBusiness executive
Known for
Children2

Sarah Jane Friar OBE (born 24 December 1972 [1] ) is an Irish-American business executive who is the chief financial officer of OpenAI since June 2024. [2] She was the chief executive officer of American technology company Nextdoor from 2018 through 2024, [3] and was chief financial officer of Block, Inc. (formerly Square, Inc.) between 2012 and 2018. [4] [5] [6]

Contents

Early life

Born in 1972, Friar grew up in the town of Sion Mills in Northern Ireland. [7] [1] She attended Strabane Grammar School. [8] Friar won a scholarship from the accounting firm Arthur Andersen after entering a competition; she then worked there for a year before pursuing engineering studies at University of Oxford. [9] She studied metallurgy, economics, and management at Oxford, and then completed an MBA from the Stanford Graduate School of Business where she was an Arjay Miller scholar. [1] [10]

Career

She was an analyst for McKinsey in South Africa, [11] a managing director in equity research at Goldman Sachs, and a senior vice president of finance and strategy at Salesforce [12] before becoming chief financial officer (CFO) at Square in 2012, [13] [14] [15] and then joining Nextdoor, a hyperlocal social networking service for neighborhoods, as the CEO in 2018. She led the company public through a special-purpose acquisition company in 2021. [16] Nextdoor announced Friar would step down as CEO in mid-2024. [17] In June 2024, she joined OpenAI, the artificial intelligence research organization that develops ChatGPT, as its first CFO. [2]

She is on the board of Walmart and ConsenSys, [18] [19] and previously on Slack Technologies and New Relic's boards. [20] She also co-chairs Stanford's Digital Economy Lab and runs Ladies Who Launch, a non-profit focused on female entrepreneurs that she co-founded. [21] [22] [5]

She received a honorary Doctor of Science degree from Ulster University in 2018. [23] In 2019, she was granted an Order of the British Empire from Queen Elizabeth II for her commitment to entrepreneurship and financial services. [24] [25]

Friar is married to David Riley, a former hedge fund partner. [12] The couple has a daughter and son. [26] She lives in Marin County, California. [1]

References

  1. 1 2 3 4 Nimmo, Jamie (23 January 2022). "Nextdoor chief Sarah Friar: I grew up with bombs, so I don't want to spread hate" . The Sunday Times . Archived from the original on 23 January 2022.
  2. 1 2 "OpenAI hires former Nextdoor CEO Sarah Friar as first CFO". Reuters. 10 June 2024.
  3. "Nextdoor Announces Leadership Transition and Reports Preliminary Q4 2023 Financial Results". Yahoo Finance . 23 February 2024. Retrieved 17 April 2024.
  4. Gelles, David (13 August 2020). "A Lifetime of Seeing the Good and the Bad Between Neighbors". The New York Times . ISSN   0362-4331 . Retrieved 6 July 2021.
  5. 1 2 Rudegeair, Peter (27 February 2021). "Where Nextdoor's CEO Looks for Neighborly Advice". The Wall Street Journal . ISSN   0099-9660 . Retrieved 6 July 2021.
  6. "Nextdoor's CEO wants to do for community what Jane Fonda did for fitness". Fortune . Retrieved 24 July 2021.
  7. "Tyrone's Sarah Friar leads US Nextdoor into €3.6bn Spac deal". Irish Independent . 6 July 2021. Retrieved 24 July 2021.
  8. Campbell, John (5 June 2017). "Sarah Friar: From Sion Mills to Silicon Valley". BBC News .
  9. Weckler, Adrian (9 November 2016). "Hip to be Square: meet the most important Irish tech boss you've never heard of". Irish Independent .
  10. "Sarah Friar". Stanford Graduate School of Business . Retrieved 6 July 2021.
  11. "Sarah Friar, the neighbour-in-chief steering Nextdoor to public markets". Financial Times . 9 July 2021. Retrieved 24 July 2021.
  12. 1 2 Cook, James (13 May 2019). "From Sion Mills to Silicon Valley: How Sarah Friar became one of the most prominent women in technology". The Daily Telegraph .
  13. Wang, Selina (10 October 2018). "Square CFO Sarah Friar steps down to join Nextdoor as CEO". San Francisco Chronicle .
  14. "Sarah Friar". Corporate - US. Retrieved 6 July 2021.
  15. "Sarah Friar". Forbes . Retrieved 6 July 2021.
  16. Lublin, Joann S. (4 September 2022). "Nextdoor's CEO Sarah Friar Is Opening Doors for Smaller Businesses". Time .
  17. Savitz, Eric J. (23 February 2024). "Nextdoor Jumps as CEO Exits and Founder Takes Over. It's Buying Back More Stock" . Barron's . Archived from the original on 24 February 2024.
  18. "Sarah Friar". Corporate - US. Retrieved 24 July 2021.
  19. Hinchliffe, Emma; Mcglauflin, Paige (8 April 2022). "The Broadsheet: a daily newsletter for and about the world's most powerful women". Fortune . Archived from the original on 8 April 2022.
  20. Swisher, Kara (15 March 2017). "Slack is adding Square CFO Sarah Friar as its first independent board member". Vox .
  21. Savitz, Eric J. (10 June 2024). "OpenAI Names a CFO. It's Likely To Spur Speculation About a Potential IPO". Barron's .
  22. Murphy, Hannah; Waters, Richard (17 April 2020). "Sarah Friar, Nextdoor's 'chief neighbour' extends her watch". Financial Times .
  23. "Ulster University graduations results: Honour for Silicon Valley boss Sarah Friar". Belfast Telegraph . 9 July 2018.
  24. Hughes, David (23 June 2019). "Queen's birthday honours list 2019: full list of everyone being recognised this year". i .
  25. "Sion Mills native awarded an OBE in Queen's Birthday Honours". Strabane Weekly News . 21 June 2019.
  26. Canning, Margaret (28 February 2020). "Nextdoor CEO Sarah Friar: My business has taken off in Northern Ireland as people here are so neighbourly". Belfast Telegraph .