Leadership Transition at Opendoor: Carrie Wheeler Departs, Shrisha Radhakrishna Takes Helm

Opendoor Technologies has announced a significant leadership restructuring, with Carrie Wheeler transitioning from her roles as CEO and Board Chair, effective immediately. The e-commerce real estate platform’s Board has appointed Shrisha Radhakrishna as President and interim Chief Executive Officer to lead the company through this strategic transition. During this period, Carrie Wheeler will serve as an advisor to the Board through the end of the year, maintaining an advisory capacity during the transition.

Carrie Wheeler’s Strategic Decision Drives CEO Succession Process

The leadership change came as part of the company’s broader strategic evolution. In mid-2025, Carrie Wheeler approached the Board to initiate a formal CEO succession planning process, during which Spencer Stuart, a prominent executive search firm, was retained to identify potential candidates. The Board acted swiftly to formalize the transition, with Radhakrishna’s appointment representing a continuity play for the interim period. The CEO search is currently underway, with the Board actively evaluating both internal and external candidates to identify a long-term leader for the organization.

Shrisha Radhakrishna Steps In as Interim CEO: A Proven Technology Leader

Radhakrishna brings deep expertise to the interim CEO role, having served as Chief Technology & Product Officer at Opendoor since 2024. In his tenure as CTPO, he has galvanized the organization around a clear mission: accelerating the development and deployment of innovative products that enhance the customer experience. Before joining Opendoor, Radhakrishna held the Chief Technology & Product Officer position at LegalZoom, an online legal services platform. His career trajectory also includes over a decade at Intuit, where he honed his expertise in building scalable technology solutions.

Governance Restructuring and Continued Leadership Search

Beyond the CEO transition, Opendoor has strengthened its governance structure. The Board has elected Eric Feder, President of LenX (Lennar Homes’ strategic investing arm), as Lead Independent Director. This appointment reflects the Board’s commitment to robust oversight during the leadership transition period. As the search for a permanent CEO continues, the company aims to ensure both operational stability and strategic momentum as it navigates its next chapter in the competitive real estate technology sector.