Sept. 11 (UPI) -- Shopify's COO is taking over the top role at Opendoor Technologies, while the company's co-founders are back in the fold.
The online residential real estate company announced Wednesday that Shopify's Chief Operating Officer Kaz Nejatian has been appointed its CEO and a board member.
"It's a privilege to become Opendoor's leader," said Nejatian in a press release. "Few life events are as important as buying or selling a home."
"Opendoor returns to FounderMode," Opendoor co-founder Keith Rabois posted to X Wednesday. "And we just hired the absolute best executive who has a founder brain as CEO: [Kaz Nejatian]."
As for Rabois, he's now back with the company as the Opendoor board chairperson, while company co-founder Eric Wu is back as a member of the board.
