Hostaway names Ken Weary as COO

Weary is the ex-COO of Hotjar

Holiday rental property management software (PMS) Hostaway has announced the appointment of Ken Weary to lead the company's growth as it dominates the sector across North America and Europe, with immediate effect.

As part of the appointment, co-founder and former COO Saber Kordestanchi will move to the role of chief strategy officer, the first of its kind for the company. 

Weary joins from Hotjar where he spent seven years overseeing all internal HR, legal, finance and business operations and revenue growth of 20x. 

He was responsible for scaling the teams from 14 to over 400 people, across more than 45 countries. 

Marcus Rader, co-founder and CEO of Hostaway, said: “As an accomplished international SaaS executive and operations leader specializing in scaling B2B companies to new heights, we are excited to welcome Weary to the Hostaway leadership team. 

"His hands-on experience in end-to-end M&A transactions is also extremely relevant as we begin to assess takeover targets following our recent investment round.

“With a laser focus on the needs of our customer base, Hostaway has continued to go from strength to strength. We are very excited to continue to expand our product and services under Weary across all global markets to better serve the property managers and host and increase our market share.”

In May 2023, Hostaway announced the single biggest investment in its technology to date, an investment worth $175 million, and is on target to achieve annual recurring revenues of $100 million.

Weary said: “Since its founding, Hostaway has focused on its customers. They’ve innovated and maintained a strong focus on financial fundamentals and personal accountability.

"As a result, their revenue has increased, and their team has grown to keep up with customer demand, all while remaining profitable. 

"I am thrilled to join a team that navigates challenges with agility and values the future of work by embracing a 100% remote working model. 

"Hostaway's story is a testament to what's possible when companies adapt, prioritize their customers, and remain committed to the things that really impact business results.”

The team are expanding and plan to hire roles across marketing, innovation and product development to join its remote global teams.