Key Takeaways:
– Jeff Whiteside, Chief Financial Officer of eXp World Holdings, will be leaving his role
– Whiteside has been with the company for five years and will remain until Dec. 1 to aid in the transition
– Kent Cheng, eXp’s chief accounting officer, will serve as the principal financial officer until a new CFO is found
– Whiteside served as both CFO and chief collaboration officer at eXp, overseeing finance, business development, mergers and acquisitions, new ventures, international markets, and investor relations
– Whiteside’s departure is not due to any disagreement regarding the company’s financial statements or disclosures
– eXp posted strong financial results for the third quarter of 2022, with $1.214 billion in revenue and a profit of $1.3 million
inman:
Whiteside, who has been with the company for five years, will stay with eXp until Dec. 1 to aid in the transition.
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EXp World Holdings Chief Financial Officer Jeff Whiteside will be departing his role, according to an announcement the firm made last week.
Whiteside, who has been with the company for five years, will remain on board until Dec. 1 to aid with the search for and transition to a new CFO, according to the announcement. Kent Cheng, eXp’s chief accounting officer has been named principal financial officer until the CFO role is filled.
“It has been a privilege to work alongside such a talented finance organization, executive team and impressive team of global agents as we collectively navigated the rapidly evolving market landscape,” Whiteside said. “I am thankful for the opportunity to contribute across eXp World Holdings over the past five years. I look forward to watching their continued success as they build upon their agent-centric innovation model.”
Whiteside served in a dual role as chief financial officer and chief collaboration officer with eXp, where he was responsible for overseeing finance, business development, mergers and acquisitions, new ventures, international markets and investor relations.
Whiteside’s planned departure is “not a result of any disagreement regarding the company’s financial statements or disclosures,” the company noted in its announcement.
“Jeff’s financial expertise has helped evolve the company through periods of growth and change over the last five years,” eXp World Holdings CEO Glenn Sanford said in a statement. “On behalf of the Board and our entire team, I thank him for his many contributions and wish him well in his future endeavors.”
Despite a sluggish real estate market, eXp posted strong financial results for the third quarter of 2022, generating $1.214 billion in revenue during the quarter — down 2 percent from $1.238 billion one year ag0, and posting a profit of $1.3 million, down from $4.4 million over the same period last year, a 69 percent decrease.
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Property Chomp's Take:
EXp World Holdings, the parent company of eXp Realty, recently announced that Chief Financial Officer (CFO) Jeff Whiteside will be stepping down from his role. Whiteside has been with the company for five years and will remain on board until December 1st to assist with the transition to a new CFO.
During his tenure with eXp, Whiteside served in a dual role as CFO and Chief Collaboration Officer, overseeing finance, business development, mergers and acquisitions, new ventures, international markets, and investor relations. His financial expertise has played a crucial role in the company's growth and evolution.
Whiteside's departure is part of a planned transition and is not a result of any disagreement regarding the company's financial statements or disclosures. The company expressed its gratitude for Whiteside's contributions and wished him well in his future endeavors.
eXp Realty has been experiencing success despite a sluggish real estate market. In the third quarter of 2022, the company generated $1.214 billion in revenue, a 2 percent decrease compared to the previous year. However, eXp Realty still posted a profit of $1.3 million, marking a 69 percent decrease from the same period last year.
eXp World Holdings CEO Glenn Sanford expressed his appreciation for Whiteside's contributions and acknowledged the talented finance organization and executive team that Whiteside worked alongside. He also expressed confidence in the company's continued success as they build upon their agent-centric innovation model.
As eXp Realty continues to navigate the rapidly evolving market landscape, the search for a new CFO will be a crucial step in maintaining the company's financial stability and growth. Kent Cheng, eXp's Chief Accounting Officer, has been named the principal financial officer in the interim.
Whiteside's departure marks a significant change for eXp World Holdings, but the company remains optimistic about the future. With its agent-centric approach and strong financial results, eXp Realty is well-positioned to overcome market challenges and seize future opportunities.
To learn more about eXp Realty and stay updated on the latest news and developments, visit their website or follow their social media channels.
