Vacasa, Inc. Announces Step Down of John Banczak as Chief Operating Officer, Effective March 31, 2024
February 28, 2024 at 04:03 pm EST
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Vacasa, Inc. announced that on February 23, 2024, the Company and John Banczak, the Company's Chief Operating Officer, agreed that Mr. Banczak will step down from his position as Chief Operating Officer on March 31, 2024. The Company has retained an executive search firm to assist in conducting a search for a new chief operating officer. Mr. Banczak will continue to serve as an advisor to the Company through September 30, 2024 in order to facilitate an orderly transition.
Mr. Banczak's departure is not the result of any disagreements between Mr. Banczak and the Company.
Vacasa, Inc. is engaged in providing a vacation rental management platform in North America. The Company's integrated technology and operations platform is designed to optimize vacation rental income and home care for homeowners, offer guests an experience, and provide distribution partners with a variety of home listings. The Company's Guest app, Vacasa.com, helps guests to search, discover and book properties. The Guests from around the world utilize the Companyâs technology and services to search and book Vacasa-listed properties in the United States, Belize, Canada, Costa Rica, and Mexico. The Company provides home care solutions provided directly to homeowners such as home maintenance and improvement services, linen and towel supply programs, supplemental housekeeping services, and other related services. The Company also provides other offerings, such as real estate brokerage services and residential management services to community and homeowner associations.