Opendoor Technologies Inc. announced that CEO Carrie Wheeler has stepped down from her roles, effective immediately. Shrisha Radhakrishna, previously the Chief Technology & Product Officer, has been appointed President and interim leader of the company.
The Board of Directors has initiated a CEO search process, retaining Spencer Stuart to assist. Eric Feder, President of Len X, was elected Lead Independent Director. Ms. Wheeler will serve as an advisor to the Board through the end of the year.
The company stated that Ms. Wheeler's decision was made to accelerate succession plans shared with the Board mid-year, supporting the next phase of growth and innovation. This leadership transition occurs amidst a period of intense external interest in Opendoor.
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