SEATTLE, May 7, 2018 /PRNewswire/ -- Zillow Group, Inc.
(Nasdaq: Z; Nasdaq: ZG), which houses a portfolio of the largest
and most vibrant real estate and home-related brands on mobile and
web, announced today that Chief Financial Officer and Chief Legal
Officer Kathleen Philips is retiring
from her role as CFO effective May 31,
2018. Jennifer Rock, Zillow
Group's vice president of financial reporting, technical accounting
and FP&A, will serve as interim CFO while the company engages
an executive recruiting firm to search for a new CFO.
Philips, who joined the company as general counsel in 2010, will
step down as CFO and continue to serve as chief legal officer
through the end of 2018 and transition toward retirement in 2020.
She will continue to advise Zillow Group on legal, corporate
development, and finance matters after 2018. Additional information
is provided in a Form 8-K, which was filed with the Securities and
Exchange Commission.
Philips has played a vital role in Zillow Group's growth as a
company, overseeing 14 acquisitions as head of the corporate
development team, including Trulia in 2015. As general counsel in
2011, she successfully led the company through its initial public
offering (IPO). She served as Chief Operating Officer before
becoming Chief Financial Officer in 2015.
"I am very grateful to Kathleen for her partnership and for all
she has contributed to Zillow Group over the years," said Zillow
Group CEO Spencer Rascoff. "I've
worked with Kathleen for most of my career, and she has been a
trusted advisor and friend. Kathleen has helped lead Zillow Group
through our most transformative milestones, from our IPO to the
acquisition of Trulia. Kathleen started at Zillow as our general
counsel but quickly expanded her role to include areas of the
company as diverse as customer care and facilities, human resources
and finance. She has been a true partner to me and to the entire
executive team, and we will miss her greatly."
Beyond her role at Zillow Group, Philips serves on the boards of
directors of Apptio, a publicly traded provider of business
management software-as-a-service application, and TPG Pace Holdings
Corp., a publicly traded special purpose acquisition company.
Before joining Zillow, she served as General Counsel of Hotwire,
StubHub, Flip Video camera maker Pure Digital Technologies, and
FanSnap.
"I've been impressed by Kathleen from the moment I met her, when
she was general counsel at Hotwire," said Rich Barton, co-founder and executive chairman
of Zillow Group. "We have not made a single important strategic
decision at Zillow Group without Kathleen's intelligence and
judgment. I will miss her, but I am pleased that she will
continue to be available for counsel."
Newly appointed Interim CFO Jennifer
Rock has been running Zillow Group's financial reporting,
technical accounting and compliance department for seven years. She
has played a leadership role through the company's IPO and all
acquisitions. Prior to working at Zillow Group, she spent almost
seven years at KPMG. She holds a Master of Accountancy from
Gonzaga University.
Zillow Group
Zillow Group (NASDAQ:Z) (NASDAQ:ZG) houses a portfolio of
the largest real estate and home-related brands on mobile and the
web, which focus on all stages of the home lifecycle: renting,
buying, selling and financing. Zillow Group is committed
to empowering consumers with unparalleled data, inspiration and
knowledge around homes, and connecting them with great real estate
professionals. The Zillow Group portfolio of consumer
brands includes real estate and rental marketplaces Zillow®,
Trulia®, StreetEasy®, HotPads®, Naked
Apartments®, RealEstate.com and Out East®. In
addition, Zillow Group provides a comprehensive suite of
marketing software and technology solutions to help real estate
professionals maximize business opportunities and connect with
millions of consumers. The Zillow Instant Offers™ marketplace
provides homeowners with the opportunity to receive offers from
buyers, including Zillow in some metropolitan areas. When Zillow
buys a home, it will make necessary updates and list the home for
resale on the open market. The company operates a number of
business brands for real estate, rental and mortgage professionals,
including Mortech®, dotloop®, Bridge Interactive® and New Home
Feed®. The company is headquartered in Seattle.
Zillow, Mortech, Bridge Interactive, StreetEasy, HotPads, Out
East and New Home Feed are registered trademarks of Zillow,
Inc. Zillow Instant Offers is a trademark of Zillow, Inc.
Trulia is a registered trademark of Trulia, LLC. dotloop
is a registered trademark of DotLoop, LLC. Naked
Apartments is a registered trademark of Naked Apartments,
LLC.
(ZFIN)
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SOURCE Zillow Group, Inc.