In a statement Friday, Opendoor said that Chief Executive and Carrie Wheeler, who chairs the company’s board, was stepping down from her roles, effective immediately. Chief Technology and Product Officer Shrisha Radhakrishna has been appointed president and interim leader.

Shrisha Radhakrishna, Opendoor’s chief technology and product officer, is taking over as president and interim leader. The company said its search for a permanent replacement is “well underway,” having begun a succession planning process after Wheeler approached the board earlier this year.

Opendoor CEO Carrie Wheeler's departure comes as retail investors pushed the stock up more than 200% in the last month.