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pendoor is wrapping up a turbulent 2025 with a fresh slate of leaders as it prepares for its next growth chapter. On December 15, the iBuyer announced that Lucas Matheson will take the helm as president, effective December 22. Matheson, who previously led Coinbase Canada and held senior roles at Shopify, will steer corporate development, financial planning, and the exploration of blockchain and tokenization to open new pathways to homeownership. He will also evaluate how blockchain can be woven into Opendoor’s operations. Shrisha Radhakrishna, who stepped in as interim president after Carrie Wheeler’s August resignation, will return to her chief technology and product officer duties. Matheson’s compensation package includes a $500,000 annual base salary, a $200,000 sign‑on bonus, and performance‑restricted stock units (PRSUs) initially valued at $6 million.
In addition, Opendoor confirmed that Christy Schwartz’s interim CFO role will become permanent on January 1. Schwartz, who filled the position following Selim Freiha’s exit in September, will receive a $1.2 million annual base salary until mid‑May, then $500,000 thereafter. She will also receive a $100,000 sign‑on bonus, a second bonus in mid‑May, and 1,695,000 PRSUs at year‑end. CEO Kaz Nejatian, a former Shopify COO, noted that the ideal candidate was already within the organization, citing Schwartz’s deep business knowledge, team trust, and decisive action.
The real‑estate sector, home to millions of agents and over 100,000 brokerages, continues to see leaders rise and fall daily. Opendoor’s new appointments underscore its ambition to modernize an industry still largely untouched by financial innovation. Matheson highlighted that real‑estate remains “antiquated” and that the convergence of AI and blockchain now makes transformative change possible. He added that Opendoor has proven it can rethink home buying and selling, and he is committed to executing the next steps.
These leadership changes position Opendoor to leverage emerging technologies while maintaining operational stability as it moves into its next expansion phase.
