Jamie Cohen beforehand spent almost a decade in varied management roles at ANGI Homeservices earlier than becoming a member of Vacasa.
Trip rental big Vacasa has chosen ANGI Homeservices govt Jamie Cohen to function the corporate’s new chief monetary officer, it was introduced Tuesday.
Cohen beforehand spent almost two years because the chief monetary officer at ANGI Homeservices, earlier than leaving to come back to Vacasa. Whereas at ANGI Homeservices Cohen helped drive the corporate’s “development from $200 million to $1.4 billion in income,” in line with a Vacasa assertion. Previous to working as CFO at ANGI Homeservices, Cohen was the corporate’s vice chairman of finance.
The assertion provides that she “oversaw key initiatives together with a number of acquisitions and the reverse merger of HomeAdvisor with Angie’s Record.”
Cohen involves Vacasa at a essential time. The corporate — which manages short-term leases on behalf of householders, among other things — has seen rapid growth lately, and it at present faces a journey panorama that has seen massive swings in demand through the coronavirus pandemic. By final November, CEO Matt Roberts argued that demand was surging a lot that there was successfully no longer a shoulder season.
Vacasa’s assertion Tuesday additional famous that demand for short-term leases has been “steadily climbing” through the pandemic. This month, the corporate additionally had its two most energetic days for reservations for the reason that center of final 12 months.
Cohen mentioned within the assertion that she is happy to hitch Vacasa and “leverage my intensive market expertise to speed up the strategic plan already in movement.”
“The holiday rental business is operationally heavy at its core, and expertise can play an enormous function in unlocking a greater shopper expertise—one thing Vacasa has excelled at over time and can proceed to spend money on,” she added.
Cohen takes over for Jim Grube, who joined Vacasa in 2019. Grube left the agency in November to pursue different alternatives, an organization spokesperson informed Inman.
Cohen’s hiring additionally comes lower than a 12 months after Vacasa founder Eric Breon stepped down as CEO. Former OpenTable CEO Matt Roberts changed Breon within the chief govt chair. In March 2020, Vacasa hired Mike Dodson, additionally beforehand of OpenTable, to function chief income officer.
In Tuesday’s assertion, Roberts mentioned he’s assured Cohen’s “expertise is strictly what we want for our subsequent stage of development.”
“Trip leases are a excessive development factor of the sharing economic system and have thrived through the pandemic,” Roberts continued. “We anticipate shopper desire will proceed to lean closely in direction of professionally managed trip houses, which affords us an incredible development alternative transferring ahead.”