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Zillow CFO Allen Parker. (Zillow Photo)

Zillow Group today announced the hiring of Allen Parker as the company’s new chief financial officer.

Parker previously spent more than 12 years at Amazon and was most recently vice president of finance overseeing its worldwide Amazon Devices, Appstore and Amazon Pay businesses. He helped work on the acquisitions of Whole Foods and Ring.

“I am thrilled to join Zillow Group’s leadership team, and look forward to bringing my financial and operational expertise to the team to assist the company as it grows,” Parker said in a statement. “It is truly an exciting time of innovation and transformation for the real estate industry, and Zillow Group is leading the way.”

Parker replaces Kathleen Philips, who retired from the role in May. Zillow’s interim CFO Jennifer Rock is now the company’s permanent chief accounting officer.

“Allen will be a significant contributor to Zillow Group’s long-term success,” Zillow Group CEO Spencer Rascoff said in a statement. “We are at a pivotal moment in Zillow Group’s growth, as we move into new businesses such as mortgage origination and real estate transactions. Allen’s expertise is exactly what we need to take the company to the next level.”

Zillow Group saw shares drop more than 20 percent after posting its third quarter earnings report on Tuesday.

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