Stock Markets February 13, 2026

Anthropic Adds Chris Liddell to Board as IPO Talk Intensifies

Former Microsoft and GM executive joins the AI startup’s board amid plans that could lead to a public listing by end of 2026

By Derek Hwang
Anthropic Adds Chris Liddell to Board as IPO Talk Intensifies

Anthropic has named Chris Liddell, a former Microsoft and General Motors executive, to its board of directors. The appointment comes as the developer of the Claude chatbot signals to partners that it may pursue an initial public offering by the end of 2026. Liddell brings experience from GM’s post-bankruptcy IPO effort and prior government service.

Key Points

  • Anthropic has appointed Chris Liddell, a former Microsoft and GM executive, to its board of directors.
  • Liddell played a role in GM’s $23 billion IPO in 2010 and was known for rebuilding GM’s finance department during his tenure as CFO.
  • Anthropic has told financial partners it may pursue an initial public offering by the end of 2026 and recently closed a $30 billion financing round valuing the company at $380 billion including the investment.

Anthropic has added Chris Liddell, a former executive at Microsoft and General Motors, to its board of directors as the artificial intelligence company weighs a potential initial public offering, the company said through reporting that first disclosed the appointment.

Liddell’s background includes a prominent role in guiding GM through its return to public markets. He helped lead the automaker’s $23 billion IPO in 2010 following GM’s emergence from bankruptcy, and has experience managing finance functions in large organizations - expertise that Anthropic’s leadership views as relevant should it pursue a listing.

The AI startup, known for developing the Claude chatbot and considered a key rival to OpenAI, has told financial partners that it may seek a stock market listing by the end of 2026. Anthropic also recently announced the close of a $30 billion financing round that placed the company at a $380 billion valuation including the new investment.

During his time as GM’s chief financial officer, Liddell was noted for rebuilding the company’s finance department. He resigned after 14 months in that role amid reported conflicts with other executives. Earlier in his career, Liddell served as deputy chief of staff for policy coordination during President Trump’s first term.

Providing a comment on his new role, Liddell said that Anthropic’s work - building AI that is both capable and responsible - is critical for the future. Anthropic co-founder and president Daniela Amodei welcomed Liddell’s addition, highlighting his career at the intersection of technology, public service, and governance and his track record of helping organizations navigate high-stakes decisions.

Liddell will join a board that already includes Anthropic co-founders Daniela and Dario Amodei, as well as Reed Hastings, the co-founder of Netflix; Yasmin Razavi, a general partner at Spark Capital; and Jay Kreps, co-founder and CEO of Confluent.


Context and implications

The appointment aligns with Anthropic’s signal to financial stakeholders that a public listing is under consideration by the end of 2026. Bringing on a director with prior experience in navigating a major IPO and in rebuilding corporate finance functions provides the company with governance and listing-related expertise as it evaluates strategic options.

Anthropic’s recent financing close and its roster of board members reflect the company’s positioning at the intersection of technology development and capital markets activity.

Risks

  • Uncertainty over whether Anthropic will move forward with an IPO by the end of 2026 - this creates timing risk for capital markets and potential investors.
  • Leadership transitions and past executive conflicts noted in Liddell’s tenure at GM may underscore governance and integration risks when adding senior directors to a high-growth startup board.
  • Valuation and financing risk linked to the company’s recent $30 billion funding round and $380 billion valuation, which could affect investor expectations in technology and capital markets sectors.

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