Compass CFO Kalani Reelitz announces departure

Compass Real Estate Chief Financial Officer (CFO) Kalani Reelitz will leave his position at the end of this month, the company announced during its second-quarter earnings call. Chief Accounting Officer Scott Wahlers will be promoted to Compass CFO — with the move becoming effective at the end of August.

“Compass has never been stronger,” said Reelitz. “We are well positioned financially, strategically and operationally to continue to lead the industry. Scott is the right leader for our next chapter, and I’m excited to see him partner with (CEO Robert Reffkin). For the last 10 quarters, I’ve had the honor of presenting the record-breaking outcomes that are created by the incredible work of our agents and our employees at Compass.

“Our agents are our customers, and it’s been a true honor to work for and serve our roughly 38,000 agents. I’ll end by sending a mahalo to our Compass leadership team that I’ve been able to work side by side with every day, and a giant mahalo to all of our team members who work every day to make Compass a special place.”

Before joining Compass, Reelitz held several leadership roles at Cushman & Wakefield Americas, a commercial real estate services firm. Earlier in his career, he spent 12 years in a range of corporate positions at Walgreens.

Wahlers joined Compass in 2018 and has been a key figure in shaping financial strategy — including helping lead the company through its IPO.

Prior to that, he spent 16 years at WebMD, where he held a variety of senior roles.

“We are fully supportive of (Reelitz’s) decision to take this new opportunity outside of our industry, and are grateful for all of his contributions over these last three years,” said Reffkin. “Kalani has been an incredible partner and leader in helping strengthen our financial foundation, driving our operational rigor and in positioning the company for long term success.

“Scott has been Kalani’s partner in executing initiatives over the past three years, which he will continue to do in his new role. Scott brings deep, institutional knowledge, outstanding execution and strong alignment with our strategy.”