Zillow Group, Inc. (NASDAQ: Z, ZG) has promoted Chief Operating Officer Jeremy Wacksman to CEO and appointed him to its board of directors.
Wacksman joined Zillow from Microsoft in 2009 and held multiple positions including product leader and chief marketing officer before becoming chief operating officer three years ago. He succeeds co-founder Rich Barton, who remains on the Zillow board and becomes co-executive chairman alongside Zillow co-founder and current Executive Chairman Lloyd Frink.
“Zillow’s business is firing on all cylinders and performing well through a challenging real estate macro,” said Barton. “We’ve built and integrated products, completed strategic acquisitions, enhanced our agent partner network, and leaned in hard on our mortgages and rentals businesses. 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.”
“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.”
