Opendoor CEO Carrie Wheeler Steps Down Amid Activist Investor Pressure as Stock Surges Over 600%
Opendoor CEO Carrie Wheeler has stepped down amid mounting pressure from activist investors, coinciding with a surge in the company’s stock price of over 600% since early July. Wheeler, who took the helm in December 2022, announced her resignation to accelerate succession plans and will remain on as a board advisor through the end of the year to support the transition. This leadership change comes as Opendoor experiences unprecedented retail investor interest and a significant rally in its shares, fueled by influential hedge funds and retail momentum. The company is shifting focus to navigate one of the most challenging real estate markets while positioning itself for future growth.


