Overview

• Carrie Wheeler stepped down as CEO and board chair effective immediately and will serve as a board adviser through the end of 2025.
• Opendoor appointed Shrisha Radhakrishna, its chief technology and product officer, as president and interim leader of the company.
• Chief financial officer Selim Freiha and interim president Shrisha Radhakrishna will report directly to the board during the transition.
• Eric Feder, president of LenX at Lennar Homes, was elected lead independent director to strengthen the board’s governance.
• The board has retained executive search firm Spencer Stuart to conduct a formal CEO succession search as Opendoor navigates a meme-driven stock rally.