Shopify COO Kasra Nejatian Exits to Lead Opendoor as CEO

Kaz Nejatian, Chief Operating Officer and Vice President of Product at Shopify, will be leaving the company on September 12, 2025, to become CEO of San Francisco-based online real estate firm Opendoor. Nejatian joined Shopify in 2019, initially leading its financial services group and later advancing to COO, where he played a key role in expanding Shopify's merchant solutions and product offerings. His departure marks a significant leadership change for Shopify, with the existing executive team set to assume his responsibilities to ensure a smooth transition. Nejatian is recognized as an AI-native executive with a strong track record of transforming products and teams at scale. Shopify continues to maintain a positive outlook due to its strong financial performance, innovation, and international expansion efforts. Meanwhile, Opendoor, facing challenges as a meme stock and investor pressure, gains a leader with deep experience in tech and commerce platforms.