In a LinkedIn post Monday, Zillow President of Media and Marketplace Greg Schwartz announced he would be stepping down from the company he’s helped lead for more than a decade.
In the post, Schwartz says it will be his first real day off since joining the company 12 years ago.
“Startups are intense experiences and require such sacrifice that they need a fresh team every decade or two,” Schwartz said in the post. “Zillow’s leadership team is deep and talented and the business model is vibrant, so I can comfortably hand the keys off and exhale.”
Before he joined Zillow, Schwartz was the vice president of sales at CNNMoney, as well as holding various board of director positions.
Schwartz began at Zillow in 2007 as the vice president of sales, then moved up to chief revenue officer and chief business officer before becoming the president of media and marketplace in 2018.
“I have no doubt that Zillow 2.0 (as we call our reinvention), will underwrite more mortgages, buy and sell more houses and drive more rental leases than any company,” Schwartz added. “Zillow will achieve this scale of business while giving consumers a more on-demand, transparent and seamless real estate journey.”
In the time that Schwartz has been at Zillow, the company grew into an online real estate giant, bought its chief rival, Trulia, launched an iBuying business, expanded into mortgages, and much more.
“Greg Schwartz has been a truly instrumental leader who helped build Zillow Group, and our Chairman Lloyd Frink and I are grateful for all of his contributions. He has built an incredible team who will continue to lead their businesses as we expand our business model to create a seamless transaction experience for our customers,” said Zillow Group Co-Founder and CEO Rich Barton. “I have great confidence in our leadership team and am excited to further integrate Zillow Offers with Premier Agent and Mortgages. We are in a great position to lead Real Estate 2.0.”
As Schwartz steps down, a shuffle of executives will take over the void.
President of Zillow Jeremy Wacksman will take over Premier Agent and Rentals.
Arik Prawer, president of Zillow’s Homes Division, will be taking over Zillow Home Loans and other mortgage marketplaces in an effort to integrate home financing into Zillow Offers operations.
Rian Furey, who joined Zillow Group in September as president of Zillow Home Loans and senior vice president of Zillow Mortgages, will report to Prawer.
Errol Samuelson, Zillow Group chief industry development officer, will take over Zillow’s New Construction business and Display Advertising. Lucy Wohltman, vice president of New Construction and Display Advertising, will report to Samuelson.
In a release, the company said that all of the moves will help the company build a “bundled, Zillow-branded transaction,” further evidence that the company wants to be a one-stop-shop for all things housing sooner rather than later.