Opendoor CEO Eric Wu Steps Down Amid US Housing Slowdown
- Carrie Wheeler, firm’s finance chief since 2020, replaces him
- Wu becomes president of home-flipper’s marketplace business
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Opendoor Technologies Inc. Chief Executive Officer Eric Wu is stepping down from the helm of the company as it grapples with the fallout of a housing market slowdown.
Wu is becoming president of the marketplace business at the company he founded. He’s being replaced as CEO by Carrie Wheeler, a TPG Global veteran who has served as Opendoor’s chief financial officer since 2020.