Zillow’s Co-Founder Rich Barton Steps Down – C-Suite Transitions

Zillow (Z, ZG): $51.54

Market Cap: $11.92B

Enterprise Value: $10.30B

Key Insights:

• COO Jeremy Wacksman succeeds co-founder Rich Barton as CEO, who remains on the Zillow Group Board of Directors and becomes co-executive chair
• Independent Director Jay Hoag, who has served on Zillow’s board since 2005, purchased $100 million worth of Zillow Class C (Z) shares in June.
• Zillow’s stock is up more than 28% in just five trading sessions after this CEO transition was announced. Strong Q2 results also contributed to the increase in the stock price.

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