Rich Barton
remains on the Zillow Group Board of Directors and becomes
co-executive chair alongside Zillow co-founder and current
executive chair Lloyd Frink
SEATTLE, Aug. 7, 2024
/PRNewswire/ -- Zillow Group, Inc. (Nasdaq: Z and ZG), which is
transforming the way people buy, sell, rent and finance homes,
today announced longtime executive and Chief Operating Officer
Jeremy Wacksman has been promoted to
chief executive officer and appointed to the Company's Board of
Directors. Wacksman succeeds co-founder Rich Barton, who remains on the Zillow Group
Board of Directors and becomes co-executive chair alongside Zillow
co-founder and current Executive Chair Lloyd Frink.
Wacksman joined Zillow from Microsoft in 2009 and has earned
multiple promotions throughout his 15 years at Zillow, including as
a product leader, chief marketing officer (CMO) and, for the past
three years, as chief operating officer (COO), with responsibility
for growing Zillow Group businesses and also overseeing
engineering, product, design, marketing, sales and industry
relations.
"Zillow's business is firing on all cylinders and performing
well through a challenging real estate macro. We've built and
integrated products, completed strategic acquisitions, enhanced our
agent partner network, and leaned in hard on our Mortgages and
Rentals businesses," Barton said. "This is due in no small part to
the leadership of Jeremy Wacksman,
with the past three years being a time of particularly impressive
innovation for the company. Lloyd and I could not be more confident
in Jeremy as CEO, in the caliber of the broader team and in
Zillow's bright future."
During his leadership tenure at Zillow, Wacksman has been a
driver of innovation in real estate. As a Zillow product leader,
Wacksman helped pioneer mobile real estate shopping and, today,
Zillow Group apps have three times more daily active users than any
other company in the category. As CMO, Wacksman shepherded the
pivotal product and consumer marketing strategy that helped Zillow
grow into the household brand it is today, with 231 million average
monthly unique users and the word "Zillow" searched more than the
term "real estate." When Barton tapped him as COO, Wacksman
operationalized Zillow's housing super app strategy while
maintaining strong cost discipline, diversifying revenue streams,
growing the Rentals and Mortgages businesses, and successfully
acquiring industry software solutions like Follow Up Boss and
ShowingTime. He also organized and elevated the talent that now
makes up Zillow's world-class product, engineering and design
organizations responsible for innovative product rollouts such as
3D interactive floor plans, Real Time Touring and Zillow
Showcase.
"With the strength of Zillow's brand, our highly engaged
audience and a steadily growing business portfolio, we are in a
great position to capture meaningful transaction share for years to
come," Wacksman said. "The work we're doing to bring the integrated
transaction to life through exceptional tech solutions for
consumers and agents will transform residential real estate. I love
this company and its mission, and I am honored to lead our
extraordinary team into the next phase of Zillow's
growth."
Both Barton and Frink have led the Board of Directors and held
Board positions, including the chairmanship, since they founded
Zillow in 2004. They will continue to be active in the Company to
support Wacksman and the leadership team.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934 that involve risks and
uncertainties, including, without limitation, statements regarding
Zillow Group's business growth, performance, and impact on
residential real estate. Statements containing words such as
"may," "believe," "anticipate," "expect," "intend," "plan,"
"project," "predict," "will," "projections," "continue,"
"estimate," "outlook," "guidance," "would," "could," "strive," or
similar expressions constitute forward-looking statements.
Forward-looking statements are made based on information currently
available to management, and although we believe the expectations
reflected in the forward-looking statements are reasonable, we
cannot guarantee these results. Differences in Zillow Group's
actual results from those described in these forward-looking
statements may result from actions taken by Zillow Group as well as
from risks and uncertainties beyond Zillow Group's control. For
more information about potential factors that could affect Zillow
Group's business and financial results, please review the "Risk
Factors" described in Zillow Group's publicly available filings
with the U.S. Securities and Exchange Commission. Except as may be
required by law, Zillow Group does not intend and undertakes no
duty to update this information to reflect future events or
circumstances.
About Zillow Group:
Zillow Group, Inc. (Nasdaq:
Z and ZG) is reimagining real estate to make home a reality for
more and more people. As the most visited real estate website in
the United States, Zillow and its
affiliates help people find and get the home they want by
connecting them with digital solutions, dedicated partners and
agents, and easier buying, selling, financing and renting
experiences.
Zillow Group's affiliates, subsidiaries and brands include
Zillow®, Zillow Premier Agent®, Zillow
Rentals®, Zillow Home Loans℠,
Trulia®, Out East®, StreetEasy®,
HotPads®, ShowingTime+℠, Spruce®
and Follow Up Boss®.
All marks herein are owned by MFTB Holdco, Inc., a Zillow
affiliate. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS
#10287 (www.nmlsconsumeraccess.org). © 2024 MFTB Holdco, Inc., a
Zillow affiliate.
(ZFIN)
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SOURCE Zillow Group, Inc.