Opendoor Technologies announced the appointment of David Benson, former President of Fannie Mae, to its Board of Directors effective September 11, 2024. Benson will serve as a Class III director until the 2026 annual meeting and join the Audit Committee. He will receive an annual cash retainer of $60,000 and restricted stock units worth $200,000.Benson brings extensive experience from his tenure at Fannie Mae, where he served as President from August 2018 until May 2024, overseeing business units managing over $4 trillion in assets. During his 22-year career at Fannie Mae, he held various leadership positions including Interim CEO, CFO, and head of Capital Markets. He notably pioneered Common Securitization Solutions, a cloud platform enhancing the $7 trillion mortgage-backed securities market.Prior to Fannie Mae, Benson spent 14 years at Merrill Lynch as Managing Director in fixed income, specializing in risk management, trading, and debt syndication. He holds degrees from UCLA, Stanford University, and Harvard Medical School.

Opendoor Technologies announced the appointment of David Benson, former President of Fannie Mae, to its Board of Directors effective September 11, 2024. Benson will serve as a Class III director until the 2026 annual meeting and join the Audit Committee. He will receive an annual cash retainer of $60,000 and restricted stock units worth $200,000.Benson brings extensive experience from his tenure at Fannie Mae, where he served as President from August 2018 until May 2024, overseeing business units managing over $4 trillion in assets. During his 22-year career at Fannie Mae, he held various leadership positions including Interim CEO, CFO, and head of Capital Markets. He notably pioneered Common Securitization Solutions, a cloud platform enhancing the $7 trillion mortgage-backed securities market.Prior to Fannie Mae, Benson spent 14 years at Merrill Lynch as Managing Director in fixed income, specializing in risk management, trading, and debt syndication. He holds degrees from UCLA, Stanford University, and Harvard Medical School.