Two top Compass execs left the brokerage in the past month

The firm’s chief people officer and general counsel have left their roles

TRD New York /
Apr.April 04, 2019 05:50 PM
Madan Nagaldinne and David Carp

Madan Nagaldinne and David Carp, formerly of Compass

Compass’ general counsel and chief people officer have both left their roles at the brokerage in the last month.

David Carp, who was general counsel and deputy chief operating officer, continues to work with the firm on a part-time basis, according to a Compass spokesperson. He joined the company in 2015. Timothea Letson and Iris Lichtman are serving as interim co-general counsel.

Madan Nagaldinne, who joined the Compass in August 2017 as chief people officer, also left Compass — and will be heading to a consumer health care startup. Nagaldinne was hired replicate the massive recruitment and expansion he previously oversaw at Facebook and Google. In the position, which reported to Robert Reffkin and COO Maelle Gavet, Nagaldinne was responsible for human resources strategy, including recruitment, compensation, performance management and education.

Prior to Compass, Nagaldinne worked at Outcome Health, a $5 billion health care technology company. He also worked as the head of HR for Facebook’s global sales team, New York office and Asia Pacific region. Before that, he managed a 100-person HR team at Amazon.

Himanshu Kalra will serve as interim chief people officer, a Compass spokesperson said. Kalra joined Compass from Blackstone Group in February. Prior to Blackstone, he’s held HR management roles at investment management firm Pimco and Citigroup.

Carp and Nagaldinne didn’t respond to requests for comment.

The executive shakeup comes as Compass has decided to hit the brakes on its nationwide expansion this year. After an acquisition spree last year, the brokerage has said it won’t enter any new markets in 2019. The firm will instead focus on hiring and growth in its current markets, according to a previous report. The decision came after hitting roadblocks — like subpar office space, not having the right managers and under-supported marketing — in some of its new markets.

This week, Compass made a splash in New York with its deal to acquire Stribling & Associates. Terms of the sale weren’t disclosed, but the move gives the brokerage a stable of high-end co-op brokers as well as new development heavyweights.


Related Articles

arrow_forward_ios
Public Advocate Jumaane Williams (Getty; iStock)

“It’s compliance warfare”: Industry slams landlord accountability bills

“It’s compliance warfare”: Industry slams landlord accountability bills
Stephen Ross and Time Warner Center (Getty)

Stephen Ross slashes price of Time Warner Center penthouse

Stephen Ross slashes price of Time Warner Center penthouse
Pretium CEO Don Mullen and Ares Management CEO Michael Arougheti (Photos via Pretium; Getty)

Pretium, Ares agree to buy Front Yard Residential

Pretium, Ares agree to buy Front Yard Residential
Brooklyn’s home sales dipped in Q3, but the median home price was above $900K (iStock)

Brooklyn home sales drop by 57%, but prices rise

Brooklyn home sales drop by 57%, but prices rise
Welcome co-founder Alec Hartman and rendering of a model home (Welcome)

Design, click, build: Startup sells new homes online

Design, click, build: Startup sells new homes online
Housing starts and completions increased sharply in September 2020 in response to fierce demand to buy homes. (iStock)

Housing starts jump as homebuilder confidence rises

Housing starts jump as homebuilder confidence rises
220 Central Park South (Getty)

Duplex sells at Vornado’s 220 CPS for $65M

Duplex sells at Vornado’s 220 CPS for $65M
Porch CEO Matt Ehrlichman (iStock; Porch)

Porch CEO: SPAC deal gives us $200M and a clean slate

Porch CEO: SPAC deal gives us $200M and a clean slate
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...