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Compass hires new executives

C-suite shakeup

Robert Reffkin (Credit: Compass)

After Compass parted ways with CFO Craig Anderson and longtime CTO Liming Zhao in March, it was a matter of time before they hired top talent from the tech world. 

Add some muscle: The residential brokerage added the former chief revenue officer at Eventbrite and a marketing executive from Spotify, according to TRD.

Why it matters: With a $2.2 billion valuation, the real estate industry is still waiting for Compass’ disruptive technology. SoftBank wants its $450 million investment to go towards that goal. Simply incentivizing brokers to join by offering nice signing bonuses and higher commission splits won’t cut it. Let’s hope these hires bring some fresh ideas.

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