Rich Barton Departs as Zillow CEO, Passing Reins to Deputy
- COO Wacksman will take over as chief executive officer
- Housing freeze has battered company’s share price this year
Rich Barton
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
Zillow Group Inc. Chief Executive Officer Rich Barton is stepping down from the top job at the home listings company for the second time — with his latest tenure defined by a ill-fated attempt to reinvent the company, and more recently, his efforts to grow the business despite a historically sluggish housing market.
Jeremy Wacksman, a longtime Zillow executive who was chief operating officer, was named to the position, according to a statement Wednesday. Barton will become co-executive chair, a title he will share with co-founder Lloyd Frink.