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Benzinga
Benzinga
Business
Vaishali Prayag

Opendoor Shares Rise as CEO Carrie Wheeler Steps Down Amid Investor Pressure

Opendoor Technologies

Opendoor Technologies Inc. (NASDAQ:OPEN) shares are trading higher Friday after CEO Carrie Wheeler stepped down, a move that drew strong reactions from both institutional and retail investors.

What To Know: Chief Technology and Product Officer Shrisha Radhakrishna has been appointed as president and interim CEO while the board, with the help of executive search firm Spencer Stuart, conducts a formal search for a permanent replacement. Wheeler will remain as an advisor through year-end to aid the transition.

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