Ohmyhome co-founder Rhonda Wong resigns as CEO at Nasdaq-listed proptech
Company says resignation not due to disagreements over operations or company policies
[SINGAPORE] Ohmyhome has appointed Daisy Wong as its new co-chief executive, effective Oct 22, following the resignation of Rhonda Wong.
Rhonda Wong, who is also co-founder of the Nasdaq-listed proptech, has also stepped down as chief financial officer and director.
In a filing with the US Securities and Exchange Commission – signed off by co-CEO Novianto Tjhin – the company said her resignation was not due to disagreements over operations or company policies.
Rhonda Wong now serves as Ohmyhome’s CEO for operations in Singapore, Malaysia and the Philippines. The company now has its own professional management team in place to oversee corporate operations.
In a LinkedIn post on Wednesday (Oct 29), Rhonda Wong said: “I’m still actively leading and running the Ohmyhome businesses in Singapore, Malaysia and the Philippines as CEO and our mission to provide a comprehensive property solution remains the same.
“The listed entity on Nasdaq now has its own professional management team in place to oversee corporate operations, while I continue focusing on growing our core business and serving our customers.”
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She added that the company’s three business segments are brokerage, renovation and property management.
Her CEO replacement Daisy Wong joined Ohmyhome as a director and chairman in February, and has previous executive experience at ZOG Group and Fu Kwan Warehouse.
Ohmyhome is searching for a new chief financial officer to fill the vacancy left by Rhonda Wong’s resignation.
Her successor Daisy Wong’s annual compensation as co-CEO is US$30,000, and her employment agreement allows the board of directors to terminate the position for any or no reason.
Prior to founding Ohmyhome, Rhonda Wong was the co-founder of Anthill, a premier property agency and management company for high-net-worth individuals with properties transacted across Singapore, Malaysia, Cambodia, Vietnam, Thailand, Australia and the UK.
Earlier this year, the company’s Nasdaq listing came under pressure but regained compliance with the minimum US$1 bid price requirement on Mar 24, after 10 consecutive days with a closing bid at or above the threshold. TECH IN ASIA
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