After 10 years as CEO of North America’s
largest vacation rental management company, Vacasa founder Eric Breon is
relinquishing that role.
The company says Breon will stay on
the board of directors where he will focus on vision and strategy. While a
search begins for a permanent CEO, Matt Roberts – former OpenTable CEO and independent
Vacasa board director – will serve in an interim capacity.
“Vacasa has grown from a
small team around my dining table to North America’s largest full-service
vacation rental management platform,” Breon says.
“After 10 years of leading
Vacasa, the time was right for me to step away from day-to-day operations and
focus on the strategic vision for our business. As we look to the tremendous
growth opportunity ahead, we’re seeking the best long-term CEO to lead the
large and dynamic organization that Vacasa has become.”
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Since its launch in 2009, Vacasa has
grown to 25,000 homes under management and 6,000 employees worldwide. In October
2019 Vacasa closed on the purchase of Wyndham Vacation Rentals and landed a $319 million Series
C round that valued the company at more than $1 billion.
The company says it is on track to
exceed $1 billion in gross bookings and $500 million in net revenue in 2020.
skill to build Vacasa into North America’s largest vacation rental management
platform is incredibly impressive,” Roberts says.
“With the recent
acquisition of Wyndham Vacation Rentals and completion of a new round of
funding, this is an exciting time in Vacasa’s development, and we’re well
poised for continued growth into our large market opportunity. I look forward
to supporting that growth while we search for the best long-term CEO to lead
Vacasa into the future.”