- Push-out Score determined
- After less than three years in the position
- Accolades, praise and thanks for Roberts
- Rob Greyber taking over
- Roberts kept it short and said 53 words
(exechange) — Portland, Oregon, August 24, 2022 — Matt Roberts, chief executive of Vacasa, leaves. As announced by Vacasa Inc. in a news release and in a regulatory filing published on Wednesday, August 24, 2022, Matthew (Matt) Roberts leaves his post as chief executive officer at the vacation rental management platform, after less than three years in the role, effective September 6, 2022.
Matt Roberts’s duties as CEO will be taken over by Robert W. (Rob) Greyber, most recently President at Egencia.
The fact that Matt Roberts’s successor is brought in from outside suggests that the board may seek to stimulate change with fresh ideas and new initiatives.
“A succession planning process that commenced earlier this year”
Vacasa did not give an explicit reason for Matt Roberts’s departure from the CEO post. Vacasa said: “Greyber is succeeding current CEO Matt Roberts in a succession planning process that commenced earlier this year.”
Precise information regarding Matt Roberts’s future plans was not immediately available.
“Resignation”
Vacasa said: “Mr. Roberts provided notice to the Company on August 19, 2022 of his resignation from the Board effective 11:59 p.m. Eastern Time on September 5, 2022.”
“Not the result of any disagreement”
“Mr. Roberts’s resignation from the Board is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices,” Vacasa said.
Share price decline since August 2021
The announcement follows a decline in Vacasa Inc.’s share price of 52% since August 2021.
In the position of CEO since 2020
Matt Roberts became CEO of the Company in 2020.
Matthew Roberts joined Vacasa Holdings as a member of its board of managers in November 2018 and as its interim Chief Executive Officer in February 2020.
He has served as the Company’s Chief Executive Officer since August 2021 and as a member of the Company’s Board since the Company’s formation in July 2021.
Prior to his time at Vacasa, Roberts served as Chairman of OpenTable, Inc., part of The Priceline Group, from September 2015 to March 2016, as its Chief Executive Officer from June 2011 to August 2015, and Chief Financial Officer from 2005 to 2011.
Previously, Roberts was a guiding force in the transition from the private to the public markets of online consumer lending group E-Loan, acting as its Chief Financial Officer from December 2000 to May 2005, and at digital money transfer provider Xoom as a member of the company’s board from January 2012 to November 2015.
Roberts has served on the board of directors of Quantcast Corporation, a privately held advertising technology company, since January 2013 and previously served on the board of directors of Snag, a privately held online staffing platform, from August 2016 to March 2020.
Roberts holds a BS in Accounting from Santa Clara University.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Matt Roberts’s move on a scale of 0 to 10.
exechange reached out to Vacasa and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 35.2022 ($).