OfferUp Hires Todd Dunlap as its New Chief Executive Officer

Rhea-AI Summary

OfferUp has appointed Todd Dunlap as its new chief executive officer, effective July. Dunlap joins from Booking.com, where he significantly contributed to the U.S. market's growth. He is expected to enhance OfferUp's leadership, particularly in driving local recommerce as the economy rebounds post-pandemic. Co-founder Nick Huzar remains involved as the chief product officer, indicating continuity in leadership. OfferUp boasts 56 million engaged users, positioning the company for substantial growth.

Positive

• Todd Dunlap's leadership experience from Booking.com is expected to drive growth.
• OfferUp has a community of 56 million users, highlighting strong engagement.
• Dunlap's commitment to innovation and user-focused strategies is promising.

Negative

• Potential continuity concerns as a new CEO transitions in.

SEATTLE, June 17, 2021 /PRNewswire/ -- Today, OfferUp announced that Todd Dunlap will join the company as its new chief executive officer and member of its board of directors. Dunlap joins OfferUp from Booking.com, where he helped open and grow the US market as its first managing director nine years ago. Dunlap also plays a leadership role for Booking Holdings, where he sets strategy and drives profitable growth across the other North American brands, including Priceline, Agoda, Kayak and OpenTable. Booking Holdings, traded on NASDAQ (BKNG), is a multi-billion dollar valued US-based corporation.

Dunlap joins OfferUp at an exciting time for the company. "2020 was a pivotal year for OfferUp," said Nick Huzar, OfferUp co-founder and current CEO. "OfferUp was a critical lifeline to millions of Americans as our users looked to buy and sell goods outside of the standard retail environment.  The pandemic demonstrated just how ubiquitous recommerce can be, and OfferUp intends to continue to drive the local recommerce movement as the economy opens back up. When I met Todd, I knew that he was the right leader to help us realize the vision I had when I started OfferUp and that his leadership and experience will help our company achieve its full potential."

Huzar will retain the president and board chair titles and manage customer-facing features and experience as OfferUp's chief product officer.

"OfferUp has a community of 56 million highly engaged users, a great product, and a talented team," said Dunlap. "This provides a solid foundation on which to build and realize the huge potential for future growth. OfferUp has a strong culture of innovation and user-focused decision making, and I'm looking forward to working closely with Nick and his team to continue to build on their current success."

Prior to Booking.com, Dunlap worked at Microsoft in a variety of roles, including as the vice president & COO of Microsoft's Consumer & Online Division where he helped launch the original Xbox. Before Microsoft, he led the Internet Business Unit at WRQ, a global software and consulting firm. Dunlap earned two Bachelor of Science degrees, one in aerospace engineering from Embry-Riddle Aeronautical University and the other in business administration from Park University. Dunlap has also completed graduate programs at Stanford and the University of Washington. He serves on the board of directors for Better Collective (BETCO), a leader in online gaming. He will begin at OfferUp in July.

Download the latest OfferUp app today in the App Store and Google Play Store. For more information, go to https://blog.offerup.com/.

About OfferUp
OfferUp's goal is to be the platform of choice for local commerce. As the largest mobile marketplace for local buyers and sellers in the U.S., the Company's iOS and Android apps have been in the top five most popular shopping apps lists for more than three years. In 2020, OfferUp combined with letgo in the U.S. and had over 56 million users. The privately held company is based in Bellevue, WA and backed by top investors including Andreessen Horowitz, Warburg Pincus, GGV Capital, T Rowe Price, Allen&Co, and Coatue Management. For more information, visit our website and follow us on Twitter and Facebook.

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SOURCE OfferUp

FAQ

Who is the new CEO of OfferUp?

Todd Dunlap has been appointed as the new CEO of OfferUp.

What is Todd Dunlap's background before joining OfferUp?

Dunlap previously worked at Booking.com, where he was instrumental in expanding the U.S. market.

What challenges might Todd Dunlap face at OfferUp?

Dunlap may face challenges related to continuity during the leadership transition.

When will Todd Dunlap begin his role at OfferUp?

Todd Dunlap will officially start as CEO in July.

What are OfferUp's growth prospects under Todd Dunlap?

With 56 million users, OfferUp has strong growth potential, especially in local recommerce.