Priyanka Singh (Compass, Getty)
Priyanka Singh, the prime human-means govt at Compass, is leaving the agency.
Singh, who became the household brokerage’s Main Individuals Officer about a year in the past, has resigned, in accordance to the firm’s most new submitting with the Securities and Trade Fee. Her past day will be Dec. 15.
Singh’s departure is the newest in a string of C-Suite shakeups at the company over the previous 12 months. Cushman & Wakefield alum Kalani Reelitz started off as CFO this week, ending a two-thirty day period stretch in the course of which the firm operated with CEO Robert Reffkin as interim CFO. The corporation laid off its chief technology officer, Joseph Sirosh, this summer months, indicating it experienced finished the rollout of its tech platform, which the agency claims it has invested $900 million in and thinks will be its extensive-time period competitive benefit in the market place.
Compass is searching to slash fees by $320 million by the stop of this yr. It has engaged in numerous rounds of layoffs toward that conclusion, most pronounced in its item and engineering groups.
Singh’s payment final 12 months was $265,000, according to SEC filings, although her base salary was listed as $350,000. She bought a $150,000 indication-on reward and a $140,000 functionality-relevant reward. She also held $2.2 million in stock awards, according to the filings. Singh will be changed by her deputy, Margaret Smith, who has been with the company for five decades.
Singh took in excess of the CPO place in December 2021 from Anand Mehta, who held the position for a 12 months-and-a-50 percent. Mehta’s predecessor, Sara Patterson, lasted just 90 times in the situation.
Compass stock rebounded very last week soon after its 3rd-quarter earnings ended up released, even with another quarter in the pink. The company’s overall losses amounted to $154 million and their quarterly cash melt away rose to $76 million, but traders were enthused by the company’s developing current market share and mounting agent count. The inventory has due to the fact dropped to $2.82 on Friday, just after hovering at $3.50 put up earnings.
