$Opendoor Technologies (OPEN.US)$ (Transferred) Opendoor Tec...
(Transferred) Opendoor Technologies Inc. announced a significant restructuring of its executive team, appointing Selim F. Freiha as the new Chief Financial Officer (CFO), effective from November 4, 2024. Freiha, with a financial background at Alphabet Inc. and eBay Inc., will succeed interim CFO Christy Schwartz, who will continue as the company's Chief Accounting Officer. This announcement was made on October 1, 2024, and simultaneously announced the appointment of Shrisha Radhakrishna as Chief Technology and Product Officer, who will join in November. Freiha's compensation includes an annual base salary of $0.5 million, eligibility for the annual cash incentive plan, a one-time signing bonus of $0.75 million, and 3.875 million restricted stock units. Schwartz's transition agreement extends her employment period to May 2, 2025, under conditions similar to her current role. These executive appointments are part of Opendoor's strategy to drive growth and strengthen its residential real estate e-commerce platform.
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Armstrong OP 70205719 : What grinds is endurance.
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