Sanjiv Yajnik, president of financial services at Capital One, has been named to the Khan Academy board of directors, bringing more than four decades of business experience and advisory expertise to the nonprofit.
“Sanjiv is a big believer in the power of education to transform lives,” Sal Khan, founder and CEO of Khan Academy, said in a statement. “The challenges in education are great, and we need strong advocates like Sanjiv to make our mission possible. We’re looking forward to the difference we can make with him on our board.”
Khan Academy’s mission is to provide a free, world-class education to anyone, anywhere.
It partners with more than 500 school districts and schools in the U.S. and has more than 160 million registered users worldwide. The academy’s lessons are available in more than 50 languages.
“Khan Academy does inspiring work to provide people the opportunity to obtain an education when and where it works best for them,” Yajnik said in a statement. “They have a huge base of learners and they have established credibility. When they say something, it is with a beautiful simplicity that learners of all ages can understand.”
The academy was founded by Khan, an MIT and Harvard Business School graduate who spent years tutoring in his spare time before launching the nonprofit in 2008.
In-depth instruction simplified
Khan Academy offers free lessons in math, science, and humanities, as well as offering tools for parents, teachers, and school districts to track student progress. The academy is piloting an AI guide called Khanmigo that is a tutor and teaching assistant.
“Sal Khan has been so influential in my family,” Yajnik said. “When my kids were growing up, they used Khan Academy to go beyond what I was telling them and get more in-depth information to understand at their own pace. They loved it! And they would come back and challenge me with information.”
The academy said its learning system is “mastery based,” allowing students to master key concepts at a pace that’s right for them while staying at grade level.
Yajnik joins Khan and 11 other members for his first board meeting this month.
As president of Financial Services at Capital One, Yajnik oversees the company’s Auto Finance business. Since Yajnik took that position, Capital One has become one of the largest auto lenders in the nation.
Yajnik holds multiple positions aligned to his personal passions, including serving as the chairman of the Collin County Business Alliance, board member and former chair of the nationally acclaimed Dallas Symphony Association, and former chairman of the Texas Economic Development Corp.
Yajnik is the former treasurer of NAF, a national network of education, business, and community leaders who work together to ensure high school students are college-, career-, and future-ready.
He’s also a board member for Dallas-based CBRE, the world’s largest commercial real estate and investment company.
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