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Opendoor Promotes Amazon Exec To Serve As Know-how Chief

Raji Subramanian beforehand led groups at Amazon and Yahoo and went to Opendoor after a 2021 acquisition. She brings a wealth of information, expertise and management, the corporate says.

Opendoor has appointed former Amazon govt and startup founder Raji Subramanian to function its new chief know-how officer, the corporate introduced Wednesday.

Opendoor co-founder and CEO Eric Wu introduced Subramanian’s promotion to CTO in a weblog publish, describing her as somebody who “operates with a startup mentality, has a customer-first strategy and deeply cares about our mission.”

Raji Subramanian

Subramanian’s elevation to CTO comes after she joined the iBuyer final 12 months as a part of Opendoor’s acquisition of residence renovation startup Subramanian had co-founded and served in a number of C-suite roles on the firm earlier than transferring over to Opendoor.

Previous to, Subramanian labored stints at Amazon as a senior supervisor and head of Kindle content material administration, amongst different tasks. She additionally labored at Yahoo.

Wu mentioned that when she joined Opendoor, Subramanian “introduced together with her a wealth of information, expertise and management that may rework the best way operations and know-how work seamlessly collectively.”

Ian Wong

Opendoor co-founder Ian Wong beforehand held the place of CTO on the firm. Wong will now transition into the function of technical advisor to the CEO.

The “reverberations of Ian’s work constructing out our platform, tooling and pricing capabilities will be seen throughout the business,” Wu mentioned in his weblog publish.

“We wouldn’t be the place we’re right this moment with out his impactful contributions,” he added.

The manager shuffling comes after a flurry of reports concerning the iBuyer. It kicked off earlier this month when the Federal Commerce Fee introduced a $62 million nice towards Opendoor for allegedly “tricking” prospects through advertising supplies.

Days later, Opendoor introduced a brand new partnership with Zillow that may let customers of the portals solicit money presents on their properties.

Opendoor additionally reported its second-quarter earnings this month, revealing that it generated $4.2 billion in income whereas in the end struggling a internet lack of $54 million.

Eric Wu | Opendoor

In his weblog publish, Wu talked about Opendoor’s current progress and mentioned he’s “energized by the expansion and innovation that lies forward.”

“We’re well-positioned to proceed to be the tempo setter in our business,” Wu concluded. “I’m excited to see continued funding in our know-how, tooling and platforms as we scale and create a one-of-a-kind expertise for our prospects.”


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