AppFolio also reaffirmed its 2024 outlook

AppFolio also reaffirmed its 2023 outlook.

AppFolio, Inc. (NASDAQ:APPF), a leading provider of cloud business management solutions for the real estate industry, announced that the Board of Directors has unanimously elected Shane Trigg as President and Chief Executive Officer, effective immediately. Trigg previously served as AppFolio’s President and General Manager, Real Estate. Jason Randall, who has served as President and Chief Executive Officer since 2017, will be a transition advisor to the company until March 31, 2023.

A seasoned SaaS executive with more than 25 years of experience driving growth at successful software companies such as Salesforce and Intuit, Trigg joined AppFolio in April 2020 as the General Manager of Real Estate, leading strategy and operations for AppFolio Property Manager product and service offerings. He was named President of Real Estate in February 2023. Since Trigg’s arrival, he has helped lead AppFolio’s rapid progress toward its goal to digitally transform the real estate industry through a differentiated product vision that supports upmarket expansion and a go-to-market strategy that inspires customers to choose and grow with AppFolio while building and leading high-performing teams.

Andreas von Blottnitz, Chairman of the AppFolio Board of Directors stated “On behalf of the Board we thank Jason for his meaningful contributions – overseeing AppFolio’s success in creating value for customers and shareholders for nearly 15 years in a leadership capacity including the last five as President and CEO where Jason oversaw substantial growth. We are grateful for his continued service to AppFolio during this transition as we build for this next exciting chapter.”

Trigg’s ascension is part of a multi-year succession plan during which time the Board had an opportunity to recognize Trigg’s contributions to the