Kasra Nejatian, the Chief Operating Officer and VP of Product at Shopify, is departing the e-commerce giant after a six-year tenure. His last day at Shopify will be September 12th. Nejatian is set to take on the role of CEO at Opendoor Technologies, a move that signals a significant leadership change for the real estate technology firm.
Key Takeaways
- Kasra Nejatian, Shopify's COO, is leaving the company.
- He will become the new CEO of Opendoor Technologies.
- Nejatian joined Shopify in 2019 and rose to COO in 2022.
- His departure follows investor pressure at Opendoor, leading to Carrie Wheeler's resignation.
Nejatian's Tenure at Shopify
Nejatian joined Shopify in September 2019, initially serving as VP and GM of Shopify Money. He was promoted to Chief Operating Officer in 2022. During his six years with the company, he played a crucial role in the expansion of merchant services and product development. Shopify has acknowledged his contributions and stated that CEO Tobi Lütke will continue to oversee product strategy, with the executive team ensuring a smooth transition.
A New Chapter at Opendoor
Nejatian's move to Opendoor comes at a pivotal time for the company. He will succeed Carrie Wheeler, who resigned amid investor pressure. Co-founder Keith Rabois is also returning to Opendoor as chairman, indicating a strategic shift for the real estate tech firm. This appointment suggests a new direction for Opendoor under Nejatian's leadership.
About Shopify
Shopify Inc. is a prominent global commerce platform that equips businesses of all sizes with the digital infrastructure and tools necessary to launch, grow, and manage their retail operations. Its platform is designed for speed, flexibility, and security, facilitating seamless shopping experiences across online, in-store, and mobile channels. Millions of merchants worldwide, including well-known brands, rely on Shopify to connect with their customers.
Sources
- Shopify (SHOP) COO Kasra Nejatian Departs for Opendoor CEO Role, Yahoo Finance.
