Conduent (NASDAQ: CNDT) announced on May 20 that it has appointed Adam Demuyakor to its board of directors, effective June 1, 2026. Demuyakor is the founder and managing partner of Wilshire Lane Capital, a Los Angeles-based venture capital firm focused on technology-enabled businesses across enterprise software, generative AI, financial technology, and infrastructure. He also serves as vice chairman of the Housing Authority of the City of Los Angeles, the second-largest public housing authority in the United States. At Conduent, he will sit on the Compensation, Risk Oversight, and Corporate Governance committees.
The Resume
Demuyakor's path to the Conduent board runs through the highest-pedigree firms in the investment industry: investment and advisory roles at Andreessen Horowitz, The Carlyle Group, Fifth Wall Ventures, and Morgan Stanley's Real Estate Group before founding Wilshire Lane in 2019. Education: bachelor's degree with high honors from Harvard College in sociology and economics, MBA from Harvard Business School. His existing private-company board seats include Stuf Storage, Piñata, and Pronto Housing; he sat on the board of Colleen AI through its 2024 sale to Entrata. He has been named to Commercial Observer's Power 30 Top Executives in PropTech list three years running and to GlobeSt's 50 Under 40 in Real Estate.
What Conduent Is Buying
"Adam brings valuable experience at the intersection of technology, investment, and business transformation that will complement the capabilities of our Board," Conduent CEO Harsha V. Agadi said in the announcement. The Conduent positioning is straightforward: the company is in the middle of a multi-year transformation from a Xerox spin-off business-process outsourcing firm into a technology-enabled services platform, and Demuyakor's intersection of tech-VC investing, real-estate operations, and public-sector experience maps directly to the customers Conduent is trying to grow — government agencies, financial-services firms, and large-enterprise commercial accounts. "I am honored to join Conduent's Board at an important time in the company's transformation," Demuyakor said.
The Week of Black Corporate Governance Moves
The Demuyakor appointment lands the same week that Byron Allen used his Breakfast Club appearance to declare a hostile-takeover campaign against STARZ, and a few weeks after Allen closed a controlling stake in BuzzFeed. The framing is different — Demuyakor goes through a process-driven board-search route, Allen goes through public-market accumulation — but the throughline is the same: Black financial and technology operators are entering the governance layer of mid-cap public companies at a rate the market has not seen in a decade.
Source: Conduent press release · Business Wire · SEC 8-K filing
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