Industry News

ZipRealty CEO out; new prez in; board has new chair

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Eric A. Danziger, president and chief executive officer of real estate brokerage company ZipRealty, will step down Aug. 1, and the company's chief financial officer will become president, though the company has not yet found a CEO to succeed Danziger, ZipRealty said today. Also, Don Wood, general partner of Vanguard Ventures in Palo Alto, Calif., has been elected chairman of the board of directors, and will aid in the search for a new CEO, the company said. "Having led ZipRealty through tremendous growth over the past five years, Mr. Danziger plans to move back to his home in Arizona to spend more time with his family," the company said in a statement. During the five years under Danziger's leadership, company revenues increased at a compounded annual rate of approximately 88 percent, the company said. Danziger has agreed to remain in his current position through Aug. 1 to assist in the transition, according to the company. Scott Kucirek, ZipRealty's executive vice presiden...