Compass has appointed Josh McCarter, the CEO of Mindbody, to its board of directors, the New York-based brokerage said Monday.
“Josh is a proven business leader with a deep knowledge of building technology platforms with embedded payment applications that empower entrepreneurs to grow their businesses,” Compass co-founder and CEO Robert Reffkin said in a statement. “His extensive experience adds tremendous value to the Compass board of directors.”
McCarter joined Mindbody, a wellness experience technology platform for businesses and entrepreneurs in the fitness, wellness and beauty industries, as chief strategy officer in 2018. He went on to serve as president before being named as CEO.
Before his time at Mindbody, McCarter served as CEO and was the co-founder of Booker, cloud-based scheduling platform, which was acquired by Mindbody in 2018. Prior to Booker, McCarter was president and COO of Arbitech, a leading independent distributor of computer hardware, COO of SpaFinder and VP of business and international development at Autobytel, an online automotive marketplace.
“Compass is doing for real estate agents what Mindbody does for wellness entrepreneurs – providing a seamless platform of software, services, and support to help them run and grow their businesses,” McCarter said in a statement. “I look forward to contributing my experience in this space to advance the company’s agent-centered strategy and next phase of growth.”
Ahead of its 2021 initial public offering, Compass added several new board members, including Bridgewater Associates co-CEO Eileen Murray, former Oracle Corp. president Charles Phillips, businesswoman Pamela Thomas-Graham and LinkedIn executive Steve Sordello. Murray has since stepped down from her position on the board.
Compass came in at No. 1 in the 2022 RealTrends 500 Rankings by sales volume. In 2021, the brokerage generated $251,019,336,511.00 in sales volume and recorded 224,067 transaction sides. Founded in 2012, Compass is the first firm to reach the top spot in only ten years of being in business.
This year’s rankings marked the first time since the 1990s that Realogy Brokerage Group and HomeServices of America were not in the top spot by sales volume. The two brokerages came in at No. 2 and No. 3, respectively.