Shopify (SHOP) COO Kasra Nejatian Departs for Opendoor CEO Role

Shopify Inc. (NASDAQ:SHOP) is one of the best tech stocks to buy for the long term. On September 10, Shopify Inc. announced that Chief Operating Officer and VP of Product Kasra Nejatian will depart the company on September 12 after six years of service.

Nejatian joined Shopify in September 2019 as VP and GM of Shopify Money, later rising to Chief Operating Officer in 2022. Over six years, he played a key role in expanding merchant services and product development. Shopify acknowledged his contributions and confirmed that CEO Tobi Lütke will remain focused on product strategy, supported by the executive team to ensure a smooth transition.

Nejatian’s exit coincides with his appointment as CEO of Opendoor Technologies, following Carrie Wheeler’s resignation amid investor pressure. Co-founder Keith Rabois will also return as chairman, signaling a strategic shift for the real estate tech firm.

Shopify Inc. (NASDAQ:SHOP) is a leading global commerce platform that provides the digital infrastructure and tools needed to launch, grow, and manage retail businesses of any size. Designed for speed, flexibility, and security, it supports seamless shopping experiences across online, in-store, and mobile channels. Trusted by millions of merchants in over 175 countries—including brands like SKIMS, Supreme, Meta, and BarkBox—Shopify continues to redefine how businesses connect with customers worldwide.

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Disclosure: None. This article is originally published at Insider Monkey.