RealPage Inc.’s executive team is getting reshuffled with an exit and a new president.
The Richardson real-estate software company is losing longtime executive William Chaney, executive vice president, according to a regulatory filing. He and the company made an agreement in which he resigned, but will provide consulting services related to the transition through early April.
Chaney had held the position of EVP, chief product officer, since 2018, and had been at the company for more than a decade, according to another filing. He also held the most shares of any top executive outside of CEO Stephen Winn, according to the proxy filing.
Ashley Glover, who had been EVP and chief operating officer, was named president of the company, according to the new filing. That’s one of the titles listed for Winn, along with CEO and chairman.
RealPage is coming off a quarterly report that lowered the revenue outlook. In November it said expected sales of $984 million to $986 million, or a midpoint of $985 million. That’s down from an earlier outlook for $987 million to $995 million, a midpoint of $991 million.
Following the announcement, shares posted a one-day loss of more than 10 percent. In the past year, the company’s stock has climbed about 9 percent while the tech-heavy Nasdaq is up more than 30 percent.
There have been other changes in the leadership team. About a year ago, the company got a new chief financial officer with Tom Ernst, whose earlier positions included a leadership post at Goldman Sachs.
Source: Dallas Business Journal