Casago founder Steve Schwab steps down as CEO to chair Board

President Joe Riley will assume CEO role

Casago CEO Steve Schwab has announced he will step down from his position near the end of the year.

The founder made the decision to chair the Board of the holiday rentals and property management firm instead, allowing him to take an "active" position to focus more deeply on "long-term strategy, industry advocacy" as well as direct engagement with Casago’s expanding franchise community. 

Schwab will remain as CEO of Casago and Vacasa through October, before transitioning to his new role. 

He has named president Joe Riley as the company’s next CEO, a decision made with the board. 

Riley will formally assume the CEO role in October, when Schwab transitions to chairman.

They will use the time over the coming months to "ensure a thoughtful, seamless transition". In the interim, Riley will assume control of internal operations. 

“Building Casago alongside our franchise partners has been my sole focus for the past 25 yearsr,” said Schwab. 

"While bittersweet in certain ways, I am excited to step into this next chapter as Founder and Chairman of the Board this coming October,” said Schwab. 

“This new role allows me to focus on what I love most, advocating for our industry, spending meaningful time with our franchise partners and helping shape the long-term strategy of the company. I’m incredibly proud of what we’ve built together, but more so looking forward to where we’re headed.” 

“Steve’s impact on Casago and the broader vacation rental industry is profound, and I’m thankful for his continued partnership as Founder and Chairman of the Board,” said Riley.

"I’m also deeply appreciative of the Board’s support and vote of confidence in me to lead us into the next chapter of Casago.

“Filling Steve’s shoes is no small task, however we have an exceptional team and franchise community, and I’m excited to build on our momentum together.”