Chief Financial Officer Kristen Ankerbrandt will leave the company in September, while Greg Hart will become Compass’ new chief operating officer.

At the same time that Compass on Thursday announced its latest earnings numbers, the brokerage also revealed an executive shakeup that will see its chief financial officer (CFO) leave the company and its chief product officer (CPO) rise in the ranks.

Kristen Ankerbrandt

CFO Kristen Ankerbrandt has announced that she is leaving the company. A statement notes that Ankerbrandt joined Compass in 2018 and “successfully steered the business through a time of rapid growth,” as well as its initial public offering last spring. Ankerbrandt plans to stay at Compass until September to help with the transition as the brokerage searches for new candidates for the job.

During an earnings call with investors Thursday afternoon, Ankerbrandt revealed she plans to start her own investment fund after leaving Compass.

Compass founder and CEO Robert Reffkin praised Ankerbrandt Thursday, noting in a statement that she “played a key role in driving the rapid growth and financial strength of our business.”

“She leaves us having established a culture of entrepreneurship and discipline across the entire organization,” Reffkin added.

The second part of the news is that Greg Hart is getting a promotion. Hart joined Compass in 2020 to serve as chief product officer, but will now step into the role of chief operating officer. Before joining Compass, Hart spent decades working at online retail giant Amazon.

The executive shuffle was announced the same day Compass reported its earnings for the first quarter of 2022. During that period, the company managed to increase revenue by 25 percent year-over-year. Compass also lost $188 million during the quarter, though that loss was down compared to the same period one year earlier.

The news about Hart and Ankerbrandt also comes at a time of rapid growth for Compass, with among other things the company recently surpassing Realogy Anywhere in the prestigious Mega 1000 rankings for sales volume. Compass has also recently continued its long-standing practice of buying other companies, for example by picking up Consumer’s Title Company of California earlier this month.

In Thursday’s statement about the executive moves, Reffkin was optimistic about the future and praised Hart, who will be staying with the company.

“Greg is an extraordinary leader,” Reffkin said, “who, over the past two years, has applied his unique experience and passion for technology to the cause of replacing the real estate industry’s complex, paper-driven, workflow with a seamless, all-digital, end-to-end platform.”

Update: This post was updated after publication with information Ankerbrandt shared during an investor call Thursday. 

Email Jim Dalrymple II

Show Comments Hide Comments

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.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Be part of the community driving real estate forward. Join thousands of top-producers at Inman Connect Las Vegas this August.Learn more×
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