eXp Realty Names Leo Pareja As New CEO
Portfolio Pulse from Shivani Kumaresan
eXp World Holdings, Inc (NASDAQ:EXPI) has announced Leo Pareja as the new CEO of its core subsidiary eXp Realty, effective immediately. Pareja, who joined eXp Realty in 2022 and has over 20 years of real estate experience, succeeds Glenn Sanford. Sanford will continue as Founder, Chairman, and CEO of eXp World Holdings. Pareja's previous role was Chief Strategy Officer, where he significantly contributed to the company's competitive stance in the real estate market. EXPI shares dropped 4.79% to $10.15.
April 05, 2024 | 3:14 pm
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Leo Pareja is appointed as the new CEO of eXp Realty, a core subsidiary of eXp World Holdings, Inc. This leadership change comes as Pareja, with over 20 years of experience in real estate, aims to further enhance the company's position in the market. Following the announcement, EXPI shares fell by 4.79% to $10.15.
The appointment of a new CEO typically signals a period of transition for a company, which can lead to uncertainty among investors. Although leadership changes can be positive in the long term, short-term reactions often include a decrease in stock price, as seen with EXPI. The drop in EXPI's share price following the announcement reflects market apprehension about immediate impacts of the leadership transition.
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