"Nejatian, who has prior experience as an attorney, entrepreneur and product leader, also has experience using artificial intelligence to scale products, teams and companies. He's been at Shopify since 2019, where he helped to build teams and products for the e-commerce platform. It's a privilege to become Opendoor's leader, Nejatian said. Few life events are as important as buying or selling a home. With AI, we have the tools to make that experience radically simpler, faster, and more certain. That's the future we're building."
"They are passionate about our community and we're excited to welcome them back to the Board, Feder said in a statement. Literally there was only one choice for the job: Kaz. I am thrilled that he will be serving as CEO of Opendoor, Rabois added. He is a decisive leader who has driven product innovation at scale, ruthlessly reduced G&A expenses to drive profitability and deeply understands the potential for AI to radically reshape a company's entire operations."
Eric Feder will retain his role as lead independent director. Rabois and Wu, co-founders from 2013, rejoined the board to inject founder DNA and energy. Kaz Nejatian, an attorney, entrepreneur, and product leader from Shopify since 2019, became CEO with experience using artificial intelligence to scale products, teams, and companies. Nejatian said AI can make buying or selling a home radically simpler, faster, and more certain. Rabois called Nejatian a decisive leader who reduced G&A expenses, drove product innovation at scale, and understands AI's potential to reshape operations. Pueo Keffer and Glenn Solomon left the board. Former CEO Wheeler stepped down, agreed to advise through year-end, and Shrisha Radhakrishna serves as interim president.
Read at www.housingwire.com
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