eXp World Holdings Announces Interim CFO, Provides Chief Financial Officer Transition Update
eXp World Holdings (NASDAQ: EXPI) has announced leadership changes in its financial department. Jesse Hill, currently VP of International Finance & Corporate FP&A at eXp AG真人官方ty, will assume the role of Interim Chief Financial Officer effective April 1, 2025. The current Principal Financial Officer, Kent Cheng, will transition to an advisory role on March 31, 2025, and remain with the company until August 31, 2025.
Under Hill's financial leadership, International AG真人官方ty has expanded into eight additional markets, achieving nearly five-fold revenue growth and improved segment operating margins. Hill, recognized as a 2025 Finance Leader by HousingWire, will focus on ensuring agent-centric investments deliver the highest ROI while maintaining operational efficiency at scale.
The company's Board of Directors is actively searching for a permanent CFO among internal and external candidates. Cheng's planned departure is not related to any disagreements regarding financial statements or disclosures.
eXp World Holdings (NASDAQ: EXPI) ha annunciato cambiamenti nella leadership del suo dipartimento finanziario. Jesse Hill, attualmente VP di Finanza Internazionale e FP&A Corporate presso eXp AG真人官方ty, assumer脿 il ruolo di Chief Financial Officer ad interim a partire dal 1 aprile 2025. L'attuale Principal Financial Officer, Kent Cheng, passer脿 a un ruolo di consulenza il 31 marzo 2025 e rimarr脿 con l'azienda fino al 31 agosto 2025.
Sotto la guida finanziaria di Hill, International AG真人官方ty si 猫 espansa in otto mercati aggiuntivi, raggiungendo una crescita dei ricavi quasi cinque volte superiore e migliorando i margini operativi del segmento. Hill, riconosciuto come Finance Leader 2025 da HousingWire, si concentrer脿 sull'assicurare che gli investimenti centrati sugli agenti offrano il massimo ritorno sugli investimenti, mantenendo al contempo l'efficienza operativa su larga scala.
Il Consiglio di Amministrazione dell'azienda sta attivamente cercando un CFO permanente tra candidati interni ed esterni. La partenza pianificata di Cheng non 猫 correlata a disaccordi riguardanti i bilanci o le comunicazioni finanziarie.
eXp World Holdings (NASDAQ: EXPI) ha anunciado cambios en el liderazgo de su departamento financiero. Jesse Hill, actualmente VP de Finanzas Internacionales y FP&A Corporativo en eXp AG真人官方ty, asumir谩 el cargo de Director Financiero Interino a partir del 1 de abril de 2025. El actual Principal Oficial Financiero, Kent Cheng, pasar谩 a un rol de asesor铆a el 31 de marzo de 2025 y permanecer谩 en la empresa hasta el 31 de agosto de 2025.
Bajo el liderazgo financiero de Hill, International AG真人官方ty se ha expandido a ocho mercados adicionales, logrando un crecimiento de ingresos casi cinco veces superior y mejorando los m谩rgenes operativos del segmento. Hill, reconocido como L铆der Financiero 2025 por HousingWire, se enfocar谩 en asegurar que las inversiones centradas en los agentes ofrezcan el mayor ROI mientras mantiene la eficiencia operativa a gran escala.
La Junta Directiva de la empresa est谩 buscando activamente un CFO permanente entre candidatos internos y externos. La salida planificada de Cheng no est谩 relacionada con desacuerdos sobre estados financieros o divulgaciones.
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eXp World Holdings (NASDAQ: EXPI) a annonc茅 des changements de leadership dans son d茅partement financier. Jesse Hill, actuellement VP des Finances Internationales et FP&A Corporate chez eXp AG真人官方ty, assumera le r么le de Directeur Financier par int茅rim 脿 partir du 1er avril 2025. L'actuel Directeur Financier Principal, Kent Cheng, passera 脿 un r么le de conseiller le 31 mars 2025 et restera dans l'entreprise jusqu'au 31 ao没t 2025.
Sous la direction financi猫re de Hill, International AG真人官方ty s'est 茅tendu 脿 huit march茅s suppl茅mentaires, r茅alisant une croissance du chiffre d'affaires presque cinq fois sup茅rieure et am茅liorant les marges op茅rationnelles du segment. Hill, reconnu comme Leader Financier 2025 par HousingWire, se concentrera sur l'assurance que les investissements centr茅s sur les agents offrent le meilleur retour sur investissement tout en maintenant l'efficacit茅 op茅rationnelle 脿 grande 茅chelle.
Le conseil d'administration de l'entreprise recherche activement un CFO permanent parmi des candidats internes et externes. Le d茅part pr茅vu de Cheng n'est pas li茅 脿 des d茅saccords concernant les 茅tats financiers ou les divulgations.
eXp World Holdings (NASDAQ: EXPI) hat Ver盲nderungen in der F眉hrung seines Finanzdepartments bekannt gegeben. Jesse Hill, derzeit VP f眉r Internationale Finanzen und Unternehmens-FP&A bei eXp AG真人官方ty, wird ab dem 1. April 2025 die Rolle des Interim Chief Financial Officer 眉bernehmen. Der aktuelle Principal Financial Officer, Kent Cheng, wird am 31. M盲rz 2025 in eine beratende Rolle wechseln und bis zum 31. August 2025 im Unternehmen bleiben.
Unter Hills finanzieller F眉hrung hat sich International AG真人官方ty in acht zus盲tzliche M盲rkte ausgeweitet und dabei ein nahezu f眉nfmaliges Umsatzwachstum sowie verbesserte operative Margen erzielt. Hill, der von HousingWire als Finance Leader 2025 anerkannt wurde, wird sich darauf konzentrieren, sicherzustellen, dass agentenorientierte Investitionen die h枚chste Rendite erzielen, w盲hrend gleichzeitig die betriebliche Effizienz in gro脽em Ma脽stab aufrechterhalten wird.
Der Vorstand des Unternehmens sucht aktiv nach einem dauerhaften CFO unter internen und externen Kandidaten. Chengs geplanter Abgang steht nicht im Zusammenhang mit Meinungsverschiedenheiten 眉ber Finanzberichte oder Offenlegungen.
- International AG真人官方ty achieved nearly five-fold revenue growth under Hill's leadership
- Improved segment operating margins in International operations
- Smooth leadership transition with 5-month overlap period
- Uncertainty during CFO transition period
- Lack of immediate permanent CFO appointment
Jesse Hill, VP, International Finance & Corporate FP&A, eXp AG真人官方ty, named eXp World Holdings Interim Chief Financial Officer, effective April 1, 2025
BELLINGHAM, Wash., March 17, 2025 (GLOBE NEWSWIRE) -- eXp World Holdings, Inc. (Nasdaq: EXPI), the holding company for eXp AG真人官方ty庐, FrameVR.io and SUCCESS庐 Enterprises, today announced that Jesse Hill, VP, International Finance & Corporate FP&A of, eXp AG真人官方ty has been named Interim Chief Financial Officer of eXp World Holdings, Inc., effective April 1, 2025. It is anticipated that current Principal Financial Officer Kent Cheng will transition into an advisory role on March 31, 2025, and will remain at the Company until August 31, 2025 to support the transition.听 The Company and its Board of Directors continue to conduct an active search for a permanent Chief Financial Officer among highly qualified external and internal candidates.
鈥淎s VP, International Finance & Corporate FP&A, Jesse Hill has been an important part of our growth and expansion plans,鈥� said Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings, Inc. and eXp AG真人官方ty. 鈥淯nder Jesse鈥檚 financial leadership, International AG真人官方ty has expanded into eight additional markets, increasing revenue nearly five-fold and significantly improving segment operating margins. Jesse has also been recognized as one of the most impactful finance executives in the mortgage and real estate industries, awarded a 2025 Finance Leader by HousingWire. I would also like to recognize Kent Cheng for the contributions he has made across eXp World Holdings, Inc.鈥檚 business segments over the last five years. We look forward to working closely with Kent in his strategic advisory role as we continue our search for a permanent CFO.鈥�
鈥淚 am excited for the opportunity to serve as Interim Chief Financial Officer of eXp World Holdings beginning next month,鈥� Jesse Hill said. "One of my top priorities as Interim CFO will be to ensure that our agent-centric investments deliver the highest ROI to our agent base as we remain focused on operating efficiently at scale. I am grateful for the trust placed in me by Glenn and the eXp Board, and I am honored by the opportunity to lead a high-performing finance organization at eXp, the most agent-centric real estate platform on the planet.鈥�
Randall Miles, member of the Board of Directors and Chairperson of the Audit Committee, said, 鈥淥n behalf of the Board of Directors, I would like to thank Kent for his significant contributions to eXp, and to congratulate Jesse on his new role as Interim CFO. We are confident in eXp鈥檚 long-term outlook due to the platform鈥檚 leading scale, superior profitability, cash flow profile and highly talented team, and look forward to naming a permanent CFO to help lead eXp through its next phase of growth.鈥� Cheng鈥檚 planned departure is not a result of any disagreement regarding eXp World Holdings, Inc.鈥檚听 financial statements or disclosures.
About eXp World Holdings, Inc.
eXp World Holdings, Inc. (Nasdaq: EXPI) (the 鈥淐ompany鈥�) is the holding company for eXp AG真人官方ty庐 and SUCCESS庐 Enterprises. eXp AG真人官方ty is the largest independent real estate brokerage in the world, with nearly 83,000 agents across 25 international locations. As a cloud-based, agent-centric brokerage, eXp AG真人官方ty provides real estate agents industry-leading commission splits, revenue share, equity ownership opportunities, and a global network that empowers agents to build thriving businesses.听 For more information about eXp World Holdings, Inc., visit:
SUCCESS庐 Enterprises, anchored by SUCCESS庐 magazine, has been a trusted name in personal and professional development since 1897. As part of the eXp ecosystem, it offers agents access to valuable resources to enhance their skills, grow their businesses, and achieve long-term success. For more information about SUCCESS, visit .
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect the Company鈥檚 and its management鈥檚 current expectations but involve known and unknown risks and uncertainties that could impact actual results materially. These statements include, but are not limited to, statements regarding the search for a permanent CFO, impact of leadership changes on operational results, and the future profitability, expansion, and cash flows of the Company. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include the successful integration of new leadership, real estate market fluctuations, competitive pressures, and other risks detailed from time to time in the Company鈥檚 Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Reports on Form 10-Q and Annual Report on Form 10-K. We do not undertake any obligation to update these statements except as required by law.
Media Relations Contact:
eXp World Holdings, Inc.
听
Investor Relations Contact:
Denise Garcia, Managing Partner
Hayflower Partners
A photo accompanying this announcement is available at
FAQ
When will Jesse Hill start as Interim CFO at eXp World Holdings (EXPI)?
What are Jesse Hill's achievements at eXp AG真人官方ty before becoming Interim CFO?
How long will Kent Cheng remain with eXp World Holdings (EXPI) during the transition?
What is Jesse Hill's main priority as the new Interim CFO of EXPI?
