2 minute read
Opendoor continues to shake up its executive leadership team, as the company looks to get back on the path to profitability.
In a document filed with the Securities and Exchange Commission on Friday, Opendoor announced the appointment of Christy Schwartz as interim chief financial officer, effective at the end of the month. Schwartz is replacing Selim Freiha. According to the filing, the Opendoor team met with Freiha on Thursday and agreed that she would depart the company on Friday. Schwartz will remain as interim CFO until whichever comes first, May 15, 2026, or 30 days from the appointment of a permanent CFO.
Schwartz has previously served as Opendoor’s interim CFO from December 2022 to November 2024, and has also served as its chief accounting officer from March 2021 to May 2025. Earlier in her career with Opendoor, Schwartz served as the company’s vice president, corporate controller from August 2016 until March 2021.
Per the offer letter given to Schwartz by Opendoor, she is entitled to an annual base salary of $1.2 million, and pending board approval, an award of 400,641 restricted stock units.
Schwartz’s appointment comes a little over a week after Opendoor announced the appointment of Kaz Nejatian as its new CEO, replacing Carrie Wheeler, who stepped down in mid-August.
Opendoor’s executive team has come under pressure this summer after the company caught the attention of retail investor and hedge fund owner Eric Jackson, who posted on X in mid-July that he believed the company’s stock had the potential to jump 10x to $82 per share. This caused Opendoor’s stock price to rapidly rise.
In addition to Nejatian’s appointment, company founders Keith Rabois and Eric Wu have returned to Opendoor’s board of directors.
In a separate SEC filing on Wednesday, the company disclosed that it intends to expand its product offerings to allow it to “provide services through the entire continental United States in the coming weeks, through one or more of its direct cash offer, cash plus or working with its partner agents to provide listing services.”
