Auction.com Names Ali Haralson Co-ceo Alongside Jason Allnutt

Auction.com announced Tuesday that it has appointed President Ali Haralson as co-CEO and a member of its board of directors, formalizing a shared leadership structure with Jason Allnutt at the distressed real estate marketplace.

Haralson, who has served as president since 2021, will lead the company alongside Allnutt, who took on the CEO role in 2018 and will remain on the board.

“Ali is an extraordinary leader, with exceptional market insight and deep industry relationships,” said Jim Carlisle, managing director and head of the technology business solutions investment vertical at THL Partners, which owns a majority stake in Auction.com.

“Her long-standing partnership with Jason makes this co-CEO structure a natural fit, and we’re confident in their joint leadership of Auction.com’s continued growth.”

As president, Haralson’s responsibilities spanned operations, business development, client partnerships and culture initiatives. In the co-CEO role, she will continue to work closely with Allnutt on company strategy, execution and growth, the firm said.

Allnutt will continue to focus on technology and product teams, with an emphasis on tools that improve the buying experience for the platform’s more than 8 million registered users. He will also work to broaden participation in distressed property auctions by more first-time homebuyers and other owner-occupant buyers.

“I’m proud to have Ali formally step into the role of co-CEO within a leadership structure we developed together and have been operating under for some time,” Allnutt said. “Over the past few years, we’ve had the opportunity to test this model while running Auction.com and see it work. We’re confident it’s the most effective way to position our company for continued growth and success in the years ahead.”

Haralson said the co-leadership model has proven effective as the company has scaled and navigated shifting market conditions in the distressed housing space.

“Jason has led the company with vision and resolve over the past decade, and it’s been a privilege to partner with him in that leadership journey,” Haralson said. “Together, we’ve come to value the strength of a co-leadership model, and I truly believe it will continue to serve our buyers, sellers, employees, and board in the years to come.”

The company’s private equity backers also signaled support for the new leadership structure.

“Auction.com has built a leading platform, and we’re proud of the team behind it. We believe Ali and Jason are exactly the right leaders for its next chapter,” said Agha S. Khan, co-head of private equity at Stone Point Capital.

This article was generated using HousingWire Automation and reviewed by a HousingWire editor before publication. The system helps convert company announcements and industry data into HousingWire-style news coverage.