ZipRealty hires new CFO

Eric Mersch comes on board in midst of downsizing

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Technology-based brokerage ZipRealty Inc. has appointed Eric L. Mersch as the company’s chief financial officer and chief accounting officer.

Mersch, 44, succeeds David A. Rector, who joined ZipRealty in 2002 and will stay with the company during a transition period until his retirement later this year.