Opendoor Announces Sudden Departure of Finance Chief Amid Leadership Reshuffle

Opendoor Technologies Inc. has initiated another significant change to its executive leadership team. The company disclosed in a Friday filing with the U.S. Securities and Exchange Commission that Chief Financial Officer Selim Freiha is departing effective immediately. Veteran executive Christy Schwartz has been appointed to assume the interim CFO position starting September 30. This transition represents the latest in a series of high-level management changes at the technology-powered real estate marketplace.

The leadership shift occurs against a backdrop of substantial stock price volatility and ongoing pressure from activist investors. The move follows closely on the heels of other major appointments, including the naming of Kaz Nejatian as Chief Executive Officer on September 10. That earlier announcement also marked the return of company co-founders Keith Rabois and Eric Wu to... Read more...