Vacasa Promotes John Banczak to Chief Strategy Officer

Rhea-AI Summary

Vacasa (NASDAQ: VCSA) has appointed John Banczak as Chief Strategy Officer to guide innovation and long-term growth strategies. Banczak, previously Senior VP of Innovation, will lead corporate development and continue his work with the innovation team. His extensive background includes co-founding TurnKey Vacation Rentals, where he implemented technology solutions for property management. CEO Matt Roberts emphasized the importance of investing in technology and personnel to tackle industry challenges. Vacasa aims to enhance the vacation rental experience through advanced technology integration.

Positive

• Appointment of John Banczak as Chief Strategy Officer to enhance company strategy.
• Banczak has extensive experience in travel and property management, expected to drive growth.
• Focus on technology integration to improve vacation rental management.

Negative

• None.

Leading vacation rental management platform taps industry veteran and innovation leader to help shape strategy in support of its technology-enabled growth

PORTLAND, Ore.--(BUSINESS WIRE)-- Vacasa (Nasdaq: VCSA), a leading vacation rental management platform in North America, today announced that Senior Vice President of Innovation John Banczak has been appointed Chief Strategy Officer, a newly created role at the company. As CSO, Banczak will partner with the senior leadership team to develop the company’s long-term growth plan and strategy toward reinventing the vacation rental industry through purpose-built technology to improve all aspects of the vacation rental experience. In addition, Banczak will lead its corporate development function, while continuing to run the innovation team and serve on Vacasa’s senior leadership team.

John Banczak, Chief Strategy Officer at Vacasa (Photo: Business Wire)

“Vacasa has become the industry leader by investing in our people and our technology platform to solve the challenges of vacation rental management and service at scale,” said Vacasa Chief Executive Officer Matt Roberts. “John’s extensive travel, marketplace and property management experience, as well as his deep understanding of technology-fueled scale, will influence our strategic direction and help drive our continued growth.”

Banczak joined Vacasa following the acquisition of TurnKey Vacation Rentals, where he served as co-founder and CEO. At TurnKey, he led the development of its patented remote management system, which provides a unique system of interconnected smart-home devices, like digital locks and noise monitoring devices. He also pioneered its home clean inspection software, which has begun to be integrated and rolled out at Vacasa to ensure a standardized, efficient cleaning process.

“There’s never been a more exciting time for Vacasa to improve the vacation rental homeowner and guest experiences through technology enablement,” Banczak said. “I am excited for this opportunity and look forward to collaborating with our incredible teams throughout Vacasa on strategies to take our company into its next phase of growth and efficiency.”

Banczak began his career in revenue management at Northwest Airlines, then in Accenture’s Strategic Services group specializing in eCommerce and business strategy. After running the Airline group at Hotwire.com through the Expedia acquisition, he joined BedandBreakfast.com, where he served as president and led the company’s acquisition by HomeAway/VRBO. While there, Banczak ran HomeAway’s Software for Professionals group and was on the team that completed the acquisitions of Instant Software and Escapia. Banczak co-founded TurnKey with T.J. Clark in 2012.

John has a BBA in Finance from the University of Wisconsin and an MBA from Northwestern University’s Kellogg Graduate School of Management.

About Vacasa

Vacasa is the leading vacation rental management platform in North America, transforming the vacation rental experience by integrating purpose-built technology with expert local and national teams. Homeowners enjoy earning significant incremental income on one of their most valuable assets, delivered by the company’s unmatched technology that adjusts rates in real time to maximize revenue. Guests can relax comfortably in Vacasa’s 35,000+ homes across more than 400 destinations in North America, Belize and Costa Rica, knowing that 24/7 support is just a phone call away. In addition to enabling guests to search, discover and book its properties on Vacasa.com and the Vacasa Guest App, Vacasa provides valuable, professionally managed inventory to top channel partners, including Airbnb, Booking.com and Vrbo.

For more information, visit https://www.vacasa.com/press.

Forward-Looking Statements

Certain statements made in this Press Release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements reflect Vacasa’s current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, actual results may differ materially from Vacasa’s expectations and projections. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: (i) Vacasa’s ability to manage and sustain its growth; (ii) Vacasa’s ability to attract and retain homeowners and guests; (iii) Vacasa’s ability to compete in its industry; (iv) Vacasa’s ability to stay in compliance with laws and regulations; and (v) other risks and uncertainties described herein.

You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of Vacasa’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and its other filings with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements.

The foregoing list of factors is not exclusive. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Vacasa does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, subject to applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220505005378/en/

Adam Pedowitz

adam.pedowitz@vacasa.com

Source: Vacasa

FAQ

What recent appointment was made at Vacasa (VCSA)?

John Banczak was appointed as Chief Strategy Officer at Vacasa.

What role will John Banczak serve at Vacasa?

As Chief Strategy Officer, Banczak will develop long-term growth strategies and lead corporate development.

How does Vacasa plan to improve its vacation rental management?

Vacasa plans to enhance its management through technology integration and innovation led by Banczak.

What previous experience does John Banczak have related to Vacasa?

Banczak co-founded TurnKey Vacation Rentals and has a strong background in travel and property management.

What is Vacasa's focus after the appointment of John Banczak?

Vacasa is focusing on leveraging technology to improve the vacation rental experience for homeowners and guests.