OpenAI has announced that fired Sam Altman is returning to the company as CEO and with a new board of directors.

Tlast Friday Altman was summarily fired from the San Francisco-based company and then more than 700 employees threatened to quit.

On Monday, Altman’s hiring at Microsoft was announced and he rushed to “steal” the executive.

As the Guardian reports, the deal includes a new board headed by former co-CEO of software company Salesforce, Bret Taylor;

Former US Treasury Secretary Larry Summers and tech entrepreneur and current board member who played a role in Altman’s firing, Adam D’Angelo.

“We have reached an agreement for Sam Altman to return to OpenAI as CEO with a new board of Bret Taylor (Chairman), Larry Summers and Adam D’Angelo. We are working together to find out the details. Thank you so much for your patience through this,” OpenAI wrote on its official X (formerly Twitter) account.

Sam Altman’s post

“I love OpenAI and everything I’ve done in the past few days has been about preserving this team and its mission.

When I decided to join Microsoft, it was clear that this was the best path for me and the team.

With the new board of directors and Satya’s support I look forward to returning to OpenAI, and build on our strong partnership with Microsoft,” Sam Altman said in a post on X (formerly Twitter).

In his statement to X, Microsoft CEO Satya Nadella welcomed the changes to OpenAI’s board of directors. “We believe this is an essential first step on a path towards a more stable and efficient management“, he stated.