Zillow promotes two SVPs as Hofmann adds COO duties

Zillow Group has restructured its executive ranks, expanding chief financial officer Jeremy Hofmann’s role to include chief operating officer, while appointing Cassandra “Sandi” Knight as its first chief legal and policy officer and promoting two senior vice presidents, according to an announcement on Wednesday. These executive leadership changes come one day after Zillow laid off over 500 employees, or roughly 7% of its staff, as part of what the company called “a restructuring effort.” Zillow has not disclosed any details regarding which departments were impacted, however posts from impacted former employees on LinkedIn show that many of those impacted were part of Zillow Rentals, product design and management and other marketing and sales teams across the company. Hofmann takes on dual COO and CFO role Hofmann, a nine-year Zillow veteran and one of the key architects of the company’s current business strategy, will now oversee both financial strategy and day-to-day operations, the company said in its announcement. Consolidating the COO and CFO functions under a single leader is intended to tighten the link between capital allocation, planning and operational execution as Zillow ...