The senior management of Zillow Group (Z) is about to undergo a bit of shakeup, as Chad Cohen, Zillow Group’s chief financial officer, informed the company that he is resigning to “pursue other business interests.”
According to a release from Zillow Group, Cohen resignation will take effect on August 7.
According to Cohen’s bio on Zillow Group’s website, he joined Zillow in 2006 as the company’s first corporate controller.
Prior to joining Zillow, Cohen spent time at Ticketmaster Entertainment as assistant controller and financial integrity manager.
Earlier in his career, Cohen served as vice president and assistant controller at Countrywide Bank and supervising senior auditor at Ernst & Young.
“Chad has made meaningful contributions to Zillow during his nine years here" said CEO Spencer Rascoff.
"In 2006, I hired Chad as our first corporate controller when I was Zillow's first CFO,” Rascoff added. “During his tenure, Chad has built an excellent team who have implemented tight financial controls and efficient processes that have allowed us to scale through Zillow's IPO, our rapid growth and our acquisition of Trulia and establishment of Zillow Group.”
In a release, Zillow said that is conducting a search of a new chief financial officer, adding that Cohen will remain as chief financial officer through second quarter earnings and the 10-Q filing.
Zillow said that it will provide an update on the CFO search during its second quarter earnings call.
“(Cohen) has left us with a strong foundation and an excellent team to see us through this next phase of our growth,” Rascoff said. “We wish him the best in his future endeavors."