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 Realty, 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 Realty 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 Realty, assumerà il ruolo di Chief Financial Officer ad interim a partire dal 1 aprile 2025. L'attuale Principal Financial Officer, Kent Cheng, passerà a un ruolo di consulenza il 31 marzo 2025 e rimarrà con l'azienda fino al 31 agosto 2025.
Sotto la guida finanziaria di Hill, International Realty si è 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 concentrerà 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 è 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 Realty, asumirá el cargo de Director Financiero Interino a partir del 1 de abril de 2025. El actual Principal Oficial Financiero, Kent Cheng, pasará a un rol de asesoría el 31 de marzo de 2025 y permanecerá en la empresa hasta el 31 de agosto de 2025.
Bajo el liderazgo financiero de Hill, International Realty se ha expandido a ocho mercados adicionales, logrando un crecimiento de ingresos casi cinco veces superior y mejorando los márgenes operativos del segmento. Hill, reconocido como Líder Financiero 2025 por HousingWire, se enfocará 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 está buscando activamente un CFO permanente entre candidatos internos y externos. La salida planificada de Cheng no está relacionada con desacuerdos sobre estados financieros o divulgaciones.
eXp 월드 홀딩스 (NASDAQ: EXPI)는 재무 부서의 리더십 변화를 발표했습니다. 제시 힐은 현재 eXp 리얼티의 국제 재무 및 기업 FP&A 부사장으로, 2025년 4월 1일부터 임시 최고 재무 책임자 역할을 맡게 됩니다. 현재의 주요 재무 책임자인 켄 청은 2025년 3월 31일에 자문 역할로 전환하며, 2025년 8월 31일까지 회사에 남아 있을 것입니다.
힐의 재무 리더십 아래, International Realty는 여덟 개의 추가 시장으로 확장되었으며, 수익이 거의 다섯 배 증가하고 운영 마진이 개선되었습니다. 2025년 하우징와이어에서 재무 리더로 인정받은 힐은 에이전트 중심의 투자가 최대 ROI를 제공하면서도 대규모 운영 효율성을 유지하도록 보장하는 데 집중할 것입니다.
회사의 이사회는 내부 및 외부 후보자 중에서 영구 CFO를 적극적으로 찾고 있습니다. 청의 계획된 퇴사는 재무 제표나 공시에 대한 이견과 관련이 없습니다.
eXp World Holdings (NASDAQ: EXPI) a annoncé des changements de leadership dans son département financier. Jesse Hill, actuellement VP des Finances Internationales et FP&A Corporate chez eXp Realty, assumera le rôle de Directeur Financier par intérim à partir du 1er avril 2025. L'actuel Directeur Financier Principal, Kent Cheng, passera à un rôle de conseiller le 31 mars 2025 et restera dans l'entreprise jusqu'au 31 août 2025.
Sous la direction financière de Hill, International Realty s'est étendu à huit marchés supplémentaires, réalisant une croissance du chiffre d'affaires presque cinq fois supérieure et améliorant les marges opérationnelles du segment. Hill, reconnu comme Leader Financier 2025 par HousingWire, se concentrera sur l'assurance que les investissements centrés sur les agents offrent le meilleur retour sur investissement tout en maintenant l'efficacité opérationnelle à grande échelle.
Le conseil d'administration de l'entreprise recherche activement un CFO permanent parmi des candidats internes et externes. Le départ prévu de Cheng n'est pas lié à des désaccords concernant les états financiers ou les divulgations.
eXp World Holdings (NASDAQ: EXPI) hat Veränderungen in der Führung seines Finanzdepartments bekannt gegeben. Jesse Hill, derzeit VP für Internationale Finanzen und Unternehmens-FP&A bei eXp Realty, wird ab dem 1. April 2025 die Rolle des Interim Chief Financial Officer übernehmen. Der aktuelle Principal Financial Officer, Kent Cheng, wird am 31. März 2025 in eine beratende Rolle wechseln und bis zum 31. August 2025 im Unternehmen bleiben.
Unter Hills finanzieller Führung hat sich International Realty in acht zusätzliche Märkte ausgeweitet und dabei ein nahezu fünfmaliges 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 höchste Rendite erzielen, während gleichzeitig die betriebliche Effizienz in großem Maßstab 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 über Finanzberichte oder Offenlegungen.
- International Realty 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 Realty, 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 Realty®, FrameVR.io and SUCCESS® Enterprises, today announced that Jesse Hill, VP, International Finance & Corporate FP&A of, eXp Realty 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. 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.
“As VP, International Finance & Corporate FP&A, Jesse Hill has been an important part of our growth and expansion plans,” said Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings, Inc. and eXp Realty. “Under Jesse’s financial leadership, International Realty 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.’s 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.”
“I am excited for the opportunity to serve as Interim Chief Financial Officer of eXp World Holdings beginning next month,” 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.”
Randall Miles, member of the Board of Directors and Chairperson of the Audit Committee, said, “On 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’s long-term outlook due to the platform’s 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.” Cheng’s planned departure is not a result of any disagreement regarding eXp World Holdings, Inc.’s financial statements or disclosures.
About eXp World Holdings, Inc.
eXp World Holdings, Inc. (Nasdaq: EXPI) (the “Company”) is the holding company for eXp Realty® and SUCCESS® Enterprises. eXp Realty 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 Realty provides real estate agents industry-leading commission splits, revenue share, equity ownership opportunities, and a global network that empowers agents to build thriving businesses. For more information about eXp World Holdings, Inc., visit: expworldholdings.com
SUCCESS® Enterprises, anchored by SUCCESS® 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 success.com.
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’s and its management’s 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’s 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.
mediarelations@expworldholdings.com
Investor Relations Contact:
Denise Garcia, Managing Partner
Hayflower Partners
investors@expworldholdings.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ac97f739-fd31-446f-875d-0a8d64bf024b
FAQ
When will Jesse Hill start as Interim CFO at eXp World Holdings (EXPI)?
What are Jesse Hill's achievements at eXp Realty 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?
