News
Offerpad Appoints Peter Knag as Chief Financial Officer
Experienced executive with over 20 years of financial leadership at WarnerMedia, TBS and AT&T
CHANDLER, Arizona, May 23, 2024–(BUSINESS WIRE)–Offerpad Solutions Inc. (“Offerpad”) (NYSE: OPAD), a leading technology-enabled platform for residential real estate, today announced the appointment of Peter Knag as its new Chief Financial Officer, effective June 5, 2024. Knag brings a proven track record of success and deep financial acumen to Offerpad, having excelled in senior financial leadership roles across the media, telecommunications, technology and finance sectors.
Knag is the former executive vice president and chief financial officer of Turner Broadcasting System, Inc., the parent company of CNN, TNT and TBS. He joined Turner in June 2018 following AT&T’s acquisition of Time Warner. As Executive Vice President of WarnerMedia Finance, a role Knag held from 2020 to 2022, he was responsible for Financial Planning and Analysis (FP&A), treasury, financial reporting, global purchasing, corporate development, risk management and other key business areas .
Prior to his tenure at Turner, Knag held key leadership roles at AT&T Inc., where he demonstrated his expertise in financial strategy, corporate development and relationship management on a global scale. Throughout his distinguished career at AT&T, beginning in 1999, Knag played a key role in driving the company’s success and financial growth, executing transactions exceeding $200 billion in total value. His experience spans a wide range of financial disciplines, including strategic planning, financial analysis and investment management.
Knag began his career in investment banking, having worked at Lehman Brothers and First Albany Corporation. He also served as a board member of Central European Media Enterprises, then a NASDAQ-listed media company, and Vogel Alcove. He continues to serve on the board of directors of TAP Advisors, a boutique investment banking and advisory firm.
“We are excited to welcome Peter Knag to the Offerpad team,” said Brian Bair, president and CEO of Offerpad. “His extensive experience in finance and corporate development, along with his proven leadership in business operations and complex transactions, make him an invaluable addition to our executive team. We look forward to his contributions as we continue to drive growth and profitability at Offerpad.”
Knag expressed his excitement about joining Offerpad, stating, “I’m excited to be joining at such a dynamic time for the company. I look forward to working with the talented team to continue to grow and diversify Offerpad’s platform offerings and drive efficiency, scale and profitability in business.”
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About Offerpad Solutions Inc.
Offerpad, dedicated to simplifying the home buying and selling process, is a publicly traded company committed to providing comprehensive solutions that remove friction from the real estate market. Our advanced real estate platform offers a range of services, from consumer cash offers to B2B renovation solutions and industry partnership programs, all tailored to meet our clients’ unique needs. Since 2015, we have leveraged local residential real estate expertise along with proprietary technology to guide homeowners every step of the way. Find out more at www.offerpad.com.
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Contacts
Cortney Read, Chief of Staff
press@offerpad.com