Amid speculation of an upcoming IPO, Compass is bringing on a new chief financial officer with tech chops to replace departing private-equity vet David Snider. 

Amid speculation of an upcoming IPO, high-tech brokerage Compass is bringing on a new chief financial officer with tech chops to replace departing private-equity vet David Snider.

Set to start on September 5, former Flywheel Sports COO and CFO Craig Anderson will “develop and deploy the financial strategy to facilitate the company’s continued hypergrowth, and will oversee finance, investor relations, new development and legal teams,” the brokerage said in a statement.

Is that code for: “He will prepare Compass for an initial public offering?” The company declined to elaborate.

Anderson previously helped Flywheel expand and develop consumer tech, led an online advertising exchange, and served as a vice president at The Blackstone Group.

Craig Anderson

His hiring follows the addition of several other executives to the brokerage this year, including a new chief operating officer, chief people officer and head of communications, Julie Binder.

Binder declined to comment on a possible IPO, only responding that, “We’ve made a significant investment in hiring world-class executives with significant management and growth experience.”

But Redfin’s IPO recently showed that investors are bullish on real estate tech. Compass may want to strike while the iron is hot.

Snider, who was reportedly considered to be instrumental in securing the brokerage’s hefty venture capital backing of $210 million, will return to his previous employer Bain Capital. According to The Real Deal, sources say Snider was pushed out due to tension between him and other Compass execs, and that his departure surprised others at the firm.

While Compass has gobbled up talent, it’s also experienced some turnover, with a number of star agent recruits departing after short tenures.

“There are so many opportunities that lie ahead for Compass, the business is just scratching the surface of its full potential,” Anderson said in a statement.

Email Teke Wiggin.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription