Oregon: Vacasa has announced it has appointed former OpenTable CEO Matt Roberts to the company’s board of directors.
Roberts, an experienced technology executive, is well regarded from his tenure at restaurant booking service OpenTable, where he served as CEO from 2011 to 2015 and as CFO from 2005 to 2011.
During that time, the company’s restaurant customer base grew from 3,000 to 32,000 and cumulative seated diners grew from just under 12 million to over 830 million. As CFO, Roberts successfully led OpenTable through an IPO in 2009, and as CEO, he negotiated the sale of the company to the Priceline Group (now Booking Holdings) for $2.6 billion.
Prior to this, Roberts led the transition from the private to the public markets of online consumer lending group E-LOAN as CFO and digital money transfer provider XOOM as a member of the company’s board. He currently serves on the board at data and digital advertising provider Quantcast, as well as online staffing platform Snag.
Roberts joins Vacasa’s board of directors at a pivotal time for the company as it experiences another consecutive year of 60 per cent growth in both revenue and inventory respectively. Vacasa currently operates in 30 U.S. states and 16 other countries, with plans to continue both domestic and international expansion remaining in the pipeline.
Roberts said: “The vacation rental industry is experiencing tremendous growth with the significant shift in consumer preference toward professionally managed homes.
“Vacasa is poised to become the leading brand in the space which is an exciting time to join the board. I look forward to lending my experience to help Vacasa scale into its next stage of growth,” he added.
As well as operating more than 13,000 homes around the world, Vacasa has launched a suite of services including Vacasa Real Estate, Vacasa Community Association Management, Vacasa Multifamily and Vacasa Interior Design. The company is continuing to invest strategically in technology and tools to better serve homeowners and guests, as it focuses on becoming the one-stop shop in the vacation rental space.
Vacasa founder and CEO, Eric Breon, said: “We couldn’t be more pleased to welcome Matt Roberts to our board of directors. His experience with rapid growth companies that utilise technology to solve complex problems for both consumers and providers, in addition to his expertise in facilitating strategic growth, make him an ideal fit for Vacasa.”
For more information, visit the Vacasa website here.