Exp World Holdings, Inc. (NASDAQ: EXPI) has announced the appointment of Jesse Hill as the interim Chief Financial Officer, effective April 1, 2025. Hill, who currently serves as the VP of International Finance and Corporate FP&A at Exp Realty, will be taking over from the current CFO, Kent Cheng, who is set to transition into an advisory role on March 31, 2025. Cheng will continue to support the transition until August 31, 2025.
Under Jesse Hill's financial leadership, Exp Realty has seen significant growth and expansion. The company has expanded into eight additional markets, resulting in nearly a five-fold increase in revenue and substantial improvements in segment operating margins.
Notably, Exp Realty's revenue has increased nearly five-fold under Hill's leadership, and the segment operating margins have also seen significant improvements.
Exp World Holdings is actively searching for a permanent CFO from both external and internal candidates. The company's board of directors continues to conduct an active search for a highly qualified individual to take on the role of permanent Chief Financial Officer.
Cheng's planned departure is not connected to any disagreement regarding Exp World Holdings, Inc.'s financial statements or disclosures.
Exp World Holdings, Inc. is the holding company for Exp Realty and Success Enterprises. Exp Realty, the largest independent real estate brokerage globally, boasts nearly 83,000 agents across 25 international locations. The company provides industry-leading commission splits, revenue share, equity ownership opportunities, and a global network for real estate agents to build successful businesses. Following these announcements, the company's shares moved 0.7%, and are now trading at a price of $9.76. For more information, read the company's full 8-K submission here.
