Vacasa, which maintains a larger presence in Boise, will search for a new chief executive officer, the company said Tuesday. Eric Breon, company founder and CEO, left the company effective immediately.
Matt Roberts, former CEO of OpenTable will serve in the top spot on an interim basis while the company looks for a new leader. Breon, who founded Vacasa in Portland in 2009, will stay on the board of directors. He will also “continue to guide the company’s vision and strategy,” the company said in a release.
Vacasa manages and rents vacation properties across the US.
“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,” Breon said in a statement. “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.”
As BoiseDev reported last year, Vacasa recently purchased Wyndham Vacation Rentals, growing its stock of rentals to more than 25,000. The company employs more than 6,000 people, including more than 150 people in a satellite corporate office in Boise. Breon lived and worked in Boise for several years before starting Vacasa in late 2009.
The Oregonian reports that recent funding rounds value the company at more than $1 billion. It remains privately held.