Zillow Group Class A (ZG) has provided an update.
Zillow Group has elevated Jeremy Wacksman from COO to CEO, also making him a member of the Board, following the filing of their latest quarterly report. Former CEO and co-founder Richard N. Barton will transition to Co-Executive Chairman while remaining on the Board. Wacksman, without prior arrangements for his appointment, will receive an increased base salary and a significant equity award as part of his new compensation. His term as a director will last until the 2025 annual shareholders’ meeting, with no immediate changes to Barton’s compensation.
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