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On July 26, 2026, ZipRecruiter, Inc. announced that its Board of Directors has officially appointed Carmen Chan as Chief Financial Officer, effective August 17, 2026. Ms. Chan brings a wealth of expertise from her previous roles at Barclays, Goldman Sachs, and Noom, spanning investment banking, corporate development, and investor relations. She succeeds David Travers, who served as interim CFO, and will receive a compensation package including equity awards and performance incentives valued at over $1.3 million in her first year.
Key Points
- NYSE: ZIP
- Carmen Chan appointed Chief Financial Officer effective August 17, 2026, succeeding interim CFO David Travers
- Compensation includes $500,000 annual base salary, minimum $100,000 2026 bonus, $200,000 onboarding bonus, and 650,000 restricted stock units
- Ms. Chan's background includes senior roles at Barclays, Noom, Goldman Sachs, and UBS
ZipRecruiter Announces CFO Leadership Change
ZipRecruiter's Board of Directors confirmed Carmen Chan as Chief Financial Officer on July 26, 2026, with her appointment effective August 17, 2026. This marks a strategic leadership transition as David Travers steps down from his interim CFO role to focus solely on his duties as President. Ms. Chan, aged 40, will take over the primary financial responsibilities at the Santa Monica-based recruitment technology firm.
The company’s decision to appoint an experienced external executive underscores its commitment to strong financial governance. Ms. Chan’s extensive background in corporate finance, strategic deals, and investor relations positions her to lead ZipRecruiter’s financial strategy and capital market engagement effectively.
Extensive Career and Expertise of Carmen Chan
Ms. Chan’s career encompasses investment banking, corporate development, and strategic roles across various industries and regions. Most recently, she was Managing Director at Barclays from September 2023 to May 2026, advising technology and internet companies on financing and strategic transactions. Prior to that, she served as Vice President of Corporate Development and Investor Relations at Noom from March 2021 to August 2023, focusing on corporate strategy and capital markets.
Earlier, Ms. Chan held investment banking positions at Goldman Sachs from February 2016 to March 2021 within the technology, media, and telecommunications group. She also led revenue and business development at theSkimm from April 2014 to December 2015 and worked at UBS in London and Sydney from February 2011 to April 2014. She holds degrees in Law, Commerce, and International Relations from the University of Adelaide.
Compensation and Equity Incentives for CFO Role
Ms. Chan’s compensation package includes an annual base salary of $500,000 and eligibility for an annual bonus under ZipRecruiter’s Executive Incentive Plan, with a guaranteed minimum 2026 bonus of $100,000. She will also receive a $200,000 onboarding bonus paid in two installments at 90 and 180 days post-employment commencement, contingent on continued employment.
Her equity awards consist of 650,000 restricted stock units (RSUs) granted under the Company’s 2021 Equity Incentive Plan. Of these, 500,000 RSUs vest over four years based on continued service, with 25% vesting after one year and the remainder vesting quarterly thereafter. The remaining 150,000 RSUs are performance-based, vesting over four years contingent on meeting specified stock price targets and continued service.
Relocation Assistance and Employment Terms
To support her move to ZipRecruiter’s headquarters in Santa Monica, Ms. Chan is eligible for up to $100,000 in relocation reimbursements, grossed-up for tax purposes to cover both moving and related tax expenses. Her employment is "at will," and she will enter into the Company’s standard change in control and severance agreements, as well as an indemnification agreement.
The full terms of Ms. Chan’s offer letter will be filed as an exhibit to ZipRecruiter’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, providing transparency on her employment conditions.
No Conflicts or Related-Party Transactions
The filing confirms no familial relationships exist between Ms. Chan and any ZipRecruiter directors or executive officers, and she holds no material interest in any transactions requiring disclosure under SEC rules. There are no other agreements or understandings related to her appointment, demonstrating a straightforward and independent selection process.
This transparency highlights the Board’s commitment to governance integrity and investor confidence in the executive appointment.
David Travers to Continue as President
Following Ms. Chan’s appointment, David Travers will continue as President of ZipRecruiter but will relinquish the interim CFO title and principal financial officer duties effective August 17, 2026. This separation of roles aims to strengthen leadership focus across financial and operational functions.
The filing does not specify the length of Travers’ interim CFO tenure or details of the CFO search process, but Ms. Chan’s appointment concludes the interim period and establishes permanent financial leadership.
Indemnification and Corporate Governance
Ms. Chan will enter into ZipRecruiter’s standard executive indemnification agreement, previously filed as Exhibit 10.1 to the Company’s 2025 Annual Report on Form 10-K. This agreement shields executives from certain liabilities while performing their duties, aligning with common corporate governance practices.
Such arrangements ensure consistent risk management and governance standards across ZipRecruiter’s executive team.
Public Disclosure and Market Communication
ZipRecruiter issued a press release titled "ZipRecruiter Appoints Carmen Chan as Chief Financial Officer" on July 28, 2026, two days after Board approval and approximately three weeks before her start date. This timely disclosure supports market transparency and investor awareness.
The Form 8-K filing and press release are accessible via the SEC’s EDGAR system, providing comprehensive details on the leadership transition.
Forward-Looking Statements and Risk Factors
The disclosure includes cautionary language regarding forward-looking statements under the Private Securities Litigation Reform Act of 1995. Statements about Ms. Chan’s appointment timing and Mr. Travers’ role change are subject to risks and uncertainties that could cause actual outcomes to differ materially.
Investors are advised to review ZipRecruiter’s 2025 Annual Report on Form 10-K and the 2026 first quarter Form 10-Q for detailed risk factors affecting the company’s performance and strategic outlook.
