One of Airbnb’s top executives, Greg Greeley, Airbnb’s president of homes, is leaving the company according to a report from The Information.

Greeley was hired two years ago from Amazon to lead Airbnb’s core business. At the time, Airbnb said it hired Greeley for his operational experience and customer focus. Greeley helped developed Amazon’s prime membership program.

The Information reported that Greeley had told people over the past year that he wasn’t happy at Airbnb, particularly with the company’s financial discipline.

With the departure, Airbnb has reshuffled its executives. CEO Brian Chesky, in an email to staff, announced the appointment of former Walt Disney Company executive Cartherine Powell to lead a new division that would include the home rentals and experiences businesses. Former Apple executive Hiroki Asai was named the head of marketing.

Despite the leadership shakeup, Airbnb is becoming more confident that its business has returned since the early days of the pandemic. Local travel has surged and demand for vacation rentals has eclipsed hotels. Chesky told employees Wednesday that the company was “resuming work” to go public although a specific timeframe was not mentioned. The current market conditions have been favorable for tech IPOs, so this year may be a good time to go public.

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Categories: Stays