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Point2's C.O.O Brendan King and some other "key people" all resigned from Point2 this week

"Earlier this week, Brendan King and Jeff Tomlin tendered their resignations to Point2. Others at the management level also chose to part ways with the company."

"These people are visionaries, and have been very important to Point2 Technologies Inc."

Those statements were taken from a post that was posted last evening over on the Point2 REliberation blog.

Jay had some speculation yesterday with a post on his blog, where he was wondering if something was up at Point2.

What will the future hold for Point2 and where did Brendan King, Jeff Tomlin and those other management level people go to? I don't think it was a kwinky-dink (coincidence) that they all resigned on the same day or week!

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Update: It was mentioned on Jay's blog in the comments (and was confirmed on RElib by a Point2 employee) that the Chief Operating Officer, the Chief Technology Officer and 4 Vice Presidents are some of those that resigned. I am not sure if that was all that left or if there are more.

The people that were mentioned that left are as follows, as well as how long they worked for Point2.

Ches Hagen 11 yrs - VP of Cat/Heavy Equipment
Jason Collins 10 yrs - Chief Technology Officer
Brendan King 9 yrs - Chief Operating Officer
John Fothergill 9 yrs - VP of Product Development
Jon Lesvesque 9 yrs - VP of Systems and IT
Jeff Tomlin 6 yrs - VP of Business Development

Update 2: 2 others have also been named that have resigned.

Allan Wolinski 10 yrs - support team manager (?)
Greg Miller, VP of Marketing

Point2 will be issuing a full release within the next 48 hours.

Stay tuned....

Update 3: Inamn news also reports on thsi news

Inman news just posted this story this morning. In it, Brendan King was quoted that he did not agree with the way the direction the company was moving and left for personal reasons.

The press relese from Point2 is due out today the 11th. We shall see what they have to say!

Posted by Becky Troutt on 12/08/2007 10:52 AM

Comments (24)

point2, brendan king resigns

Originally posted at: Brandon Florida Real Estate: Point2's C.O.O Brendan King and some other "key people" all resigned from Point2 this week

Post is included in group: Point 2 Agent Sites
Post is included in group: POINT 2 NLS WEB DISTRIBUTOR

24 Comments on Point2's C.O.O Brendan King and some other "key people" all resigned from Point2 this week

DEC

2007

WOW, this is big news! I wonder what the future of P2 is and it maybe your idea with your mom to leave p2 was very smart.

Todd

Todd, I have no idea what the future holds and am curious like everyone else.

You should never"put all of your eggs into one basket." Also, we never "left" point2 all together, we opted not to continue to pay for the service anymore on one site, but my site is still a professional, so I am still paying as of today. That will be changing soon (as I have stated in the past). It doesn't have anything to do with all these guys leaving the company, it was a decision we made a while back. We have since created another website that will in turn do the same things our P2 sites did, yet not have to pay the reoccurring monthly fees.

We will still keep the free sites with them.

I have a free site with them and had been thinking of changing this. This just means I need to investigate the other free site I found and maybe get it up and running.

Howdy Becky

Thank you for posting this info for us. I did not know about this going on. I was just geting ready to upgrade to a professional site but will wait to do that now. Untell I know more about what is goiing on with them.

Have a good one

Dale

Thanks Becky! I usually read Jay's "stuff" but have been way behind. Found your post - glad I did!

Should be very interesting to watch -

Time will tell. I would like to see them formally announce what is still in store for Point2 and if they ares till headed in the same direction as they have been.

If all those guys left and end up as competition, where will that put Point2? If they don't, then it's no worries.

Maybe we shouldn't be speculating.....I dunno! Guess we will just have to sit back and see what happens!

It's sounds like there is more to it than meets the eye. Call me a pessimist, but with that many people top execs leaving in a week sounds like a conspiracy to me!!! They've got to have something else up their sleeve. No one quits their job without a "Plan B".

DEC

2007

Well, I didnt' know this. My P2 website has been wonderful and it's free on top of that. When that many top dogs leave at the same time, you really have to wonder what's up. Thanks for the news.

Well I don't think everyone should go out and cancel their P2 sites. I do think the fact that so many people leaving the company all during the same week should raise several red flags though.

Yes it's corporate, but at the same time, when you have that many "key players" in the game (keep in mind that P2 is roughly 100 employees or so, not thousands) all leave at the same time, there will be an impact of some sort. It's just a matter of how big that impact will be.

That list of people that left was incomplete. Allan Wollinski a 10 year veteran that headed up the entire support division also left. I hear others may soon follow.

Thanks for posting this Becky. The ever-growing and lengthy comments on my blog post about Point2 are quite interesting.

You're welcome Jay, I have been following your blog and RElib very close!

DEC

2007

I've been trying to follow up on this news as well. I love my P2 site, and I've recently convinced my team to form their own sites as well. I hope there aren't major changes. I'll be watching this closely. I think as paying supporters of the company, we do deserve to be reassured and given some information other than speculative web talk. IMO anyway. Have there been any press releases issued by the company?

"Have there been any press releases issued by the company?"

Not yet. They are saying they'll have one out within the next 24 hours. A week late, in my opinion...

DEC

2007

Anybody know what is up at P2 today? Can't access any of their sites or my own site.

Never mind...maybe...I have access again.

FEB

2008

point 2 sites seem to be working fine...... what about for you ?

MAR

2008

Hi Becky,

I have not heard from you in a while. I hope you're doing well. I see the boys have stuck together for the most part and formed their new company. "Vendasta" they claim to be working on something to do with auctions. It will be interesting to see if it heavy equipment, real estate or both.

Please someone explain to me the buzz about Point 2 websites..

MAR

2008

John and Lisa Marker - Only thing that I can think of is the standard websites are free. However,I hear they stopped giving free websites last month. I use it because my standard website is free. However,I need drip e-mail campaigns and something to improve my Search Engine Rankings on the major search engines.

Becky - Thanks for the information. Great post.

I have the free website but was considering an upgrade - I'm glad I waited but I must admit, people always seem to find my listings on my Point2 site - they definitely rank well

p.s. I don't get the handshake thing. I think that's kind of goofy and just ignore it.

MAR

2008

I think we can look forward to all of them starting a new web site service soon. By the looks of all those titles they have the ability

MAR

2008

I have a free point2 site as well - really like the virtual tours and the syndication is great - if you're looking to change however or just to add- check out alamode sites I think they have an impressive professional platform with some good resources - CHEERS!

Real Estate, Mortgage, Inspector, and Appraisal Websites if you're interested - here's a link -
alamode,inc http://www.alamode.com/

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