New CEO joins RentPath from telecomms
07 Apr 2016
RentPath, the parent company of ApartmentGuide.com, Rent.com and several other sites, announced a new CEO to replace Chip Perry. Marc Lefar, who has extensive experience in the wireless telecoms industry, joined the company as CEO and president.
Kim Payne, who served as interim CEO since Perry left to join TrueCar.com in November after only four months, will return to her role as CFO.
Lefar has “a unique blend of global marketing, product, financial and operational expertise,” the company said in a news release this week. It said Lefar was hired after “an exhaustive search.”
“We are thrilled to have Marc join the RentPath family,” Chairman David Trujillo said. “His legacy of guiding established brands during periods of major product innovation makes us confident that Marc is the right leader to spearhead the next chapter of our leadership in the industry.”
Trujillo is a partner at TPG, one of the two major investment companies that owns Atlanta-based RentPath. Providence Equity Partners is the other major investor.
Lefar most recently served telecomms company Vonage as CEO, from 2008 to 2014. He is on several boards of directors and is on the President’s National Security Telecommunications Advisory Board.
RentPath competes directly with CoStar, operator of Apartments.com and other consumer and business real estate brands. In addition to Apartment Guide and Rent.com, RentPath owns Rentals.com and Lovely.
For the full news release, click here.