Opendoor Technologies announced that Lucas Matheson has stepped down as President, effective October 21, 2026. Current Chief Executive Officer, Kaz Nejatian, will assume the role of President in addition to his existing duties, consolidating the leadership positions.
Key Details
- Leadership Transition: Lucas Matheson stepped down as President and will transition to a non-executive role as an Advisor to the CEO through July 15, 2027.
- New Appointment: CEO Kaz Nejatian was appointed by the Board of Directors to also serve as the company's President, effective immediately.
- Compensation: Mr. Nejatian's compensation is not expected to change in connection with his expanded role.