Brian Bair takes over as the chief executive officer at homebuying startup Offerpad, after Jerry Coleman, the former co-CEO, steps down.
Offerpad co-founder Jerry Coleman is stepping down from his role as one of the two co-CEOs of the homebuying startup, leaving his partner and fellow co-founder Brian Bair to reign as the company’s sole CEO.
Offerpad announced the change abruptly in a press release touting other new hires to its leadership team. Coleman, also a co-founder of rental giant Invitation Homes, will stay on at Offerpad as a board member and “will focus on capital raising and high-level initiatives and relationships,” according to the release.
“The company is evolving quickly at every level. I’m excited to expand our leadership team to continue providing our customers with the best way to buy and sell a home,” Bair said in a statement. “New additions, along with adjustments to our current structure, will further enhance Offerpad’s capabilities and facilitate company growth.”
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