Dive Brief:

• Online real estate platform Opendoor Technologies on Monday announced it promoted interim CFO Christy Schwartz to become permanent finance chief, effective Jan. 1. The company also hired Lucas Matheson, previously the CEO of Coinbase Canada, to become president, replacing Shrisha Radhakrishna, who will continue to serve as chief technology and product officer, according to a release and a securities filing.
• Matheson, 46, who served as CEO of Coinbase Canada for three years, and previously logged five years at the Canada-based e-commerce company Shopify, will join OpenDoor on Dec. 22. Schwartz, 47, has served as interim CFO during two different periods including since September when Selim Freiha stepped down from CFO seat, and prior to that for nearly two years ending in November 2024, according to filings. 
• The company said it promoted Schwartz after an external search and discussions with dozens of public-company finance chiefs across various industries. "We looked everywhere," Opendoor CEO Kaz Nejatian said in a statement in the release. "We talked to CFOs from nearly every sector. And we realized the person with the deepest command of our business, the trust of every team, and the bias for action we need was already here.”

Dive Insight:

The appointments cap a series of C-suite changes for the company. Back in November of 2024, the company tapped Schwartz’s predecessor Freiha as CFO — an Alphabet and eBay alum who was to help lead the company’s next chapter of growth as it sought to build the largest digital platform for residential real estate transactions, CFO Dive previously reported. 

In August, the company’s top post was also shaken up. The company announced Carrie Wheeler, then CEO, was stepping down immediately and named Radhakrishna to step in as president and interim leader of the company. One month later Opendoor tapped Nejatian, then COO of Shopify, to become its CEO, according to a release. 

Schwartz, a CPA who early in her career worked as an audit manager for Ernst & Young, is an eight-year veteran of the company where she has held numerous senior finance roles in addition to serving as interim CFO, according to her LinkedIn profile.

She served as chief accounting officer from March 2021 to March 2025 and served as corporate controller from August 2016 to March 2021. In her new role, she will receive an annual base salary of $1.2 million until May 15 of next year and thereafter it will be $500,000, according to the securities filing.