Opendoor brings back its founders plus a new CEO from Shopify—who could earn $2.8 billion if he sends the stock soaring

Key Takeaways:

• Founders are returning to lead Opendoor
• A new CEO from Shopify brings fresh leadership
• Performance-based compensation could reach $2.8 billion
• If goals are met, the new CEO may gain an 11.6% stake in the company
• The story was first reported in Fortune on September 11, 2025

Background on the Leadership Change

Opendoor, a technology-driven real estate player, has brought its founders back into leadership roles. The decision underscores the company’s intention to leverage the original team’s vision and bolster confidence in its strategic direction.

The New CEO

Kaz Netjatian, who hails from Shopify, has been appointed as the new CEO. His background in technology-driven business models positions him to steer Opendoor toward growth, reinvigorating how buyers and sellers interact in the real estate market.

Compensation and Performance Targets

One of the most notable aspects of Netjatian’s appointment is the performance-based compensation package. According to the reporting, “If Kaz Netjatian can clear all the performance hurdles in his compensation package, he’ll own 11.6% of the tech company.” This massive potential windfall, which could be worth up to $2.8 billion, underscores the high expectations placed on him to improve Opendoor’s stock performance.

Industry Context

Though details on the broader industry environment are limited, the piece highlights how high-stakes compensation structures can attract top executives. For Opendoor, tying CEO rewards to stock performance is a calculated move—one that could pay dividends if Netjatian’s strategies succeed.

Looking Ahead

With its founders back and a new CEO guiding day-to-day operations, Opendoor appears poised for a major test in the coming months. The success of these leadership changes may well be measured by how closely Netjatian can meet—and perhaps exceed—the performance milestones embedded in his pay package.