Offerpad appoints Chris Carpenter as new chief operating officer

TEMPE, Ariz. - Offerpad Solutions Inc. (NYSE:OPAD) has appointed Chris Carpenter as Chief Operating Officer, effective Monday, the residential real estate platform announced in a press release. The appointment comes as the company, currently valued at just $83 million in market capitalization, appears undervalued according to InvestingPro Fair Value estimates, despite experiencing a 15.83% stock price decline over the past week.

Carpenter brings over 20 years of experience in operations, transformation, and strategic leadership. He previously served as lead transformation executive at WarnerMedia and Turner Broadcasting, where he managed major integrations and business reorganizations. Most recently, he co-founded WellOrg Partners, a consulting firm focused on organization design, process excellence, and cost optimization.

In his new role, Carpenter will oversee Offerpad's operations and execution while reporting directly to Brian Bair, the company's Chairman and CEO. His responsibilities include strengthening operational infrastructure and driving efficiency as the company scales.

"Chris is a proven operator with a deep understanding of what it takes to execute at scale," said Bair. "His track record in transforming complex organizations and driving alignment across teams will be instrumental as we continue building a more efficient organization."

Carpenter's experience spans Fortune 500 corporations, private equity-backed ventures, and mid-market companies. According to the company statement, he will work to advance Offerpad's vision of providing homeowners with real estate solutions offering greater choice, flexibility, and control. His operational expertise could prove valuable as Offerpad faces financial challenges, including weak gross profit margins of 7.45% and a revenue decline of 30.44% over the last twelve months, according to InvestingPro data.

Offerpad, founded in 2015, operates a technology platform for residential real estate transactions, offering services ranging from consumer cash offers to renovation solutions and partnership programs. Despite current challenges, the stock has shown impressive resilience with a 110.81% price return over the past six months. Investors seeking deeper insights into Offerpad's financial health and growth prospects can access comprehensive analysis through InvestingPro's detailed Research Report, available for this and 1,400+ other US equities.

In other recent news, Offerpad Solutions Inc. reported its Q2 2025 earnings with a revenue of $160.3 million and a gross margin of 8.9%. The company has provided guidance for Q3, anticipating revenue between $130 million and $150 million, with plans to sell 360 to 410 homes. Additionally, Offerpad announced a plan to sell up to $100 million worth of Class A common shares in an at-the-market offering. Jefferies LLC will act as the sales agent or principal for this offering, receiving a 3.0% commission on the gross sales price per share. Furthermore, Offerpad has upgraded its HomePro program to streamline real estate transactions by shifting assessment responsibilities from agents to the company itself. This change aims to enhance agent productivity by allowing them to focus on presenting solutions to sellers. These developments indicate Offerpad's efforts to adapt and optimize its operations in the real estate market.

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