Top iBuyer Opendoor replaces founding CEO Eric Wu in rough market. Promoted CFO Carrie Wheeler takes over.

Opendoor pioneered U.S. home iBuying, where you sell your home to them in minutes instead of listing. Now the CEO is stepping into a lower role (but retaining his board seat), and here’s what’s next.

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Check It Out:

– Opendoor Appoints CFO Carrie Wheeler to CEO; Co-Founder and CEO Eric Wu Transitions to New Role as President, Marketplace