Redfin appoints Brad Singer to board

SEATTLE–(BUSINESS WIRE)–(NASDAQ:RDFN)—Redfin(www.redfin.com), the technology-focused real estate brokerage firm, today announced that Brad Singer has joined its board of directors. Mr. Singer brings decades of business, finance and investment experience as a former partner and COO of ValueAct Capital. Prior to ValueAct Capital, Mr. Singer was Senior Executive Vice President and Chief Financial Officer at Discovery Communications and Chief Financial Officer and Treasurer at American Tower. Prior to that, he was an investment banker at Goldman, Sachs & Co.

Singer joins the board as longtime board member Bob Mylod prepares to step down to focus on other professional commitments. Mr Mylod, who served on Redfin’s board for eight years, including as chairman from 2016 to 2020, decided not to stand again at Redfin’s annual meeting of shareholders in June 2022. He will leave the board at the end of his mandate at the end of the meeting.

“In Bob’s eight years on our board, he has become my partner and friend, advising Redfin on financings and acquisitions, as well as how we allocate capital, serve customers and treat employees,” said Redfin CEO Glenn Kelman. “For years he and I recognized that he would have to leave our board because his other investments would become public companies. Once Redfin recruited someone of Brad Singer’s caliber, Bob decided it was finally time not to run for office. We share Bob’s faith in Brad, who was our #1 candidate when we started looking for a director. He is financially savvy, strategic and down-to-earth. Brad believes in our mission to redefine real estate in the consumer’s favor and understands the frugality needed to drive big profits. We are delighted with his appointment.

“I’m excited about Redfin’s ambition to transform the consumer experience of renting, buying and selling a home and its huge potential for long-term growth,” said Singer. “Redfin has thoughtfully built, with great discipline, a broad and deep portfolio of services and the operational and technological capabilities to grow its business and create substantial value for its customers. It is a privilege to join the Board of Directors.

“Serving Redfin shareholders has been one of the most rewarding experiences of my professional career. As my tenure as a director will soon come to an end, I look forward to cheering on Redfin as it continues to transform the way homes are bought, financed and sold,” Mr. Mylod said.

“I am delighted to welcome Brad Singer to Redfin’s Board of Directors. Brad is a highly respected leader who brings decades of impressive strategic and financial expertise and will add great value as we continue our journey to transform consumer experience in real estate and realizing our long-term growth potential,” said David Lissy, Chairman of Redfin. “Bob Mylod has been an exceptional leader and director over the past eight years. for his wise counsel and for his unwavering commitment to advancing Redfin’s mission.

Mr. Singer is Chairman of the National Board of the Posse Foundation. He is also currently a member of the board of sweetgreen, where he chairs the audit committee. He is a former director of Citizens Communications Corp., Martha Stewart Living Omnimedia, Inc., Motorola Solutions, Inc. and Rolls-Royce Holdings plc. Mr. Singer holds a bachelor’s degree from the University of Virginia and an MBA from Harvard Business School.

About Redfin

Redfin(www.redfin.com) is a technology-driven real estate company. We help people find a home with brokerage, instant home buying (iBuying), rental, loan, title insurance, and home improvement services. We sell houses for more money and charge half the fees. We also run the #1 real estate brokerage site in the country. Our homebuyer clients see homes first with on-demand viewings, and our loan and title services help them close quickly. Customers selling a home can receive an instant cash offer from Redfin or have our renovation team repair their home to sell for the best price. Our rental business helps millions of people across the country find apartments and houses to rent. Since launching in 2006, we’ve saved our clients over $1 billion in commissions. We serve over 100 markets in the United States and Canada and employ over 6,000 people.

For more information or to contact a local Redfin estate agent, visit www.redfin.com. To learn more about housing market trends and download data, visit Redfin Data Center. To be added to Redfin’s press release mailing list, email [email protected]

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