The Real Deal New York

Compass hires chief revenue, marketing execs from Spotify, Eventbrite

New execs follow C-suite shakeup in March
By E.B. Solomont | April 26, 2018 02:00PM

Khurrum Malik, Robert Reffkin, Matt Rosenberg and Maelle Gavet

Compass is adding to its C-suite with two new hires from the online ticketing company Eventbrite and music streaming service Spotify.

Matt Rosenberg, who was chief revenue officer at Eventbrite, will hold the same position at Compass, after Rob Lehman was promoted to chief growth officer in February.

Comapss also hired Khurrum Malik — an executive from Spotify— as chief marketing officer, after Matt Spangler was promoted to chief creative officer last month. At Spotify, Malik headed global product marketing.

The new hires are just the latest additions to Compass’ C-suite following several months of executive upheaval, punctuated by a $550 million infusion of capital from SoftBank and Fidelity Investments. The venture-backed firm is now valued at $2.2 billion, giving it significant dry powder to fuel its growth.

Last summer, David Snider, the company’s longtime chief financial officer, was pushed out and replaced by Craig Anderson, the former COO and CFO of cycling chain Flywheel.

But last month, Anderson stepped down as CFO after just seven months on the job. Longtime chief technology officer Liming Zhao also left Compass last month to start his own company outside of real estate.

Compass said this fall that its goal is to have 20 percent market share in 20 U.S. cities by the end of 2020. SoftBank’s $450 million investment — on the heels of a $100 million Series E round that Fidelity participated in — have propelled the company’s growth.

Over the past six months, Compass has opened offices in Seattle, San Diego, Dallas and Chicago. Earlier this week, Compass acquired Chicago-based Conlon Real Estate in a deal brings Compass’ local agent count to nearly 300. Those agents closed a collective $600 million in sales in 2017, Compass said.

In a statement, Lehman cited Rosenberg’s decades of experience scaling technology companies.

Before Eventbrite, Rosenberg was senior vice president of global sales at ServiceSource International, an IT service management company that went public in 2011.