Major shakeup at Compass: CFO and longtime CTO are leaving firm

Craig Anderson spent 7 months as CFO

Mar.March 16, 2018 03:11 PM

From left: Robert Reffkin, Maelle Gavet, Craig Anderson and Liming Zhao

Two of Compass’ key executives — chief financial officer Craig Anderson and longtime chief technology officer Liming Zhao — are leaving the $2 billion startup, the firm said.

Anderson’s departure comes just seven months after he joined the firm. The former COO and CFO of the cycling chain Flywheel, Anderson was hired in August to replace David Snider, one of the startup’s earliest hires, who originally headed up finance and operations but later focused more on securing venture funds for the firm.

Last summer, the board replaced Snider as it began to scale rapidly.

But after a funding windfall — Compass raised $550 million from SoftBank and Fidelity late last year — it is again looking for an executive with experience to match its size.

In a statement Friday, Compass said the decision to part ways with Anderson was “mutually decided.”

“Craig is a really talented person. I know he will go on to do great things,” CEO Robert Reffkin said.

Compass’ split with Zhao came about when the longtime CTO decided to start his own company outside of real estate.  “As a company of entrepreneurs… this is something we celebrate at Compass,” said Reffkin.

Zhao — who joined Compass in 2013 — was CTO until last month, when he took on the newly-created role of chief information security officer. Compass said the search for a new CTO is underway. It also plans to hire a replacement for the information security role.

Related Articles

Compass CEO Robert Reffkin and Avi Dorfman (Illustration by The Real Deal)

Compass is going to trial in Avi Dorfman case

From left: 55 East 74th Street, 9 East 82nd Street, 1 Central Park South, 78 Irving Place with Adam Neumann and 111 West 57th Street (Credit: StreetEasy, Wikipedia, Getty Images)

Adam Neumann’s triplex, Russians’ Plaza pad were priciest homes listed last week

Compass' Rory Golod and Long Island’s North Shore (Credit: Long Island)

Compass sets sights on Long Island’s North Shore

355 Henry Street

Cobble Hill townhouse was Brooklyn’s priciest contract last week

3 East 69th Street and 252 East 57th Street 

With asking prices in freefall, luxury market sees strong week

Keller Williams CEO Gary Keller

Keller Williams will cut off agents who leave

Wall Street bonus season is the stuff home sellers’ dreams, as they picture eager buyers armed with hefty bonus checks and willing to pay top price. But in a buyer’s market that vision may be more like a mirage (Credit: iStock)

Here’s what Wall Street bonus season means for real estate this year

Adam Neumann and 78 Irving Place (Credit: Getty Images and StreetEasy)

Adam Neumann is asking $37M for Gramercy Park triplex