Opendoor Announces CEO Search and Appoints Shrisha Radhakrishna as President and Interim Leader

Opendoor Technologies announced that Carrie Wheeler, its CEO and Chair of the Board, will step down and transition to advisor through year-end. Wheeler approached the Board to initiate a CEO succession planning process in mid-2025. Shrisha Radhakrishna, current CTPO, has been appointed President and interim leader. The Board is conducting a CEO search, with Radhakrishna and CFO Selim Freiha reporting directly to the Board.

Opendoor Technologies (Nasdaq: OPEN) has announced significant leadership changes with the resignation of CEO Carrie Wheeler. Effective immediately, Shrisha Radhakrishna, the company's Chief Technology & Product Officer, has been appointed as President and interim leader while a CEO search is underway. This transition comes as Opendoor focuses on scaling Key Connections, rolling out Cash Plus across markets, and improving its core cash-offer business [1].

Carrie Wheeler, who served as CEO and Chair of the Board, will step down and act as an advisor to the Board through the end of the year. Wheeler approached the Board to initiate a CEO succession planning process in mid-2025. The Board has elected Eric Feder as Lead Independent Director and retained Spencer Stuart to assist with the CEO succession process [1].

Shrisha Radhakrishna, who joined Opendoor as CTPO in 2024, brings over 20 years of experience in tech innovation. Since joining, Radhakrishna has led initiatives to reduce infrastructure costs and launch new experiences like Cash Plus. As interim leader, Radhakrishna and CFO Selim Freiha will report directly to the Board [1].

The company's focus on scaling Key Connections, rolling out Cash Plus, and improving its core cash-offer business underscores Opendoor's commitment to innovation and growth. The CEO search is well underway, and the Board has confidence in the company's strategy and the Opendoor team [1].

References:
[1] https://www.stocktitan.net/news/OPEN/opendoor-announces-ceo-search-in-support-of-next-phase-of-growth-and-2e2416dukav5.html