Opendoor CEO Eric Wu transitions to President, Marketplace; CFO Carrie Wheeler becomes CEO

Opendoor Technologies Inc.

Carrie Wheeler appointed CEO and to Board, effective Dec 1; previously CFO since Dec 2020.
Eric Wu resigned as CEO, named President, Marketplace; forfeited unvested RSUs.
Christy Schwartz named interim CFO; previously Chief Accounting Officer since March 2021.
President Andrew Low Ah Kee resigned; will serve as advisor through Q1 2023.
Wheeler receives $750k base salary, $250k target bonus, and $25M RSU grant vesting over 4 years.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Carrie Wheeler

Chief Executive Officer

OPEN · Opendoor Technologies Inc.

Effective: 2022-12-01
Filed: December 1, 2022, 6:59 PM ET

On December 1, 2022, Opendoor Technologies Inc. (the “Company”) appointed Carrie Wheeler as the Chief Executive Officer of the Company effective as of December 1, 2022

Appointed

Carrie Wheeler

Director

OPEN · Opendoor Technologies Inc.

Effective: 2022-12-01
Filed: December 1, 2022, 6:59 PM ET

Ms. Wheeler was also appointed to the Board of Directors of the Company (the “Board”), effective December 1, 2022

Role change

Eric Wu

President, Marketplace

OPEN · Opendoor Technologies Inc.

Effective: 2022-12-01
Successor: Carrie Wheeler
Filed: December 1, 2022, 6:59 PM ET

replacing Eric Wu who resigned from his position as the Chief Executive Officer to be appointed as the Company's President, Marketplace effective as of December 1, 2022

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Carrie Wheeler was appointed as Chief Executive Officer at Opendoor Technologies Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On December 1, 2022, Opendoor Technologies Inc. (the “Company”) appointed Carrie Wheeler as the Chief Executive Officer of the Company effective as of December 1, 2022

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Carrie Wheeler was appointed as Director at Opendoor Technologies Inc..

Action: appointed
Role: Director

Exact text from the filing

Ms. Wheeler was also appointed to the Board of Directors of the Company (the “Board”), effective December 1, 2022

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Eric Wu was appointed as President, Marketplace at Opendoor Technologies Inc..

Action: resigned and appointed
Role: President, Marketplace

Exact text from the filing

replacing Eric Wu who resigned from his position as the Chief Executive Officer to be appointed as the Company's President, Marketplace effective as of December 1, 2022

View on SEC.gov

Opendoor Technologies Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-296662

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