Katerra Inc. co-founder Fritz Wolff has stepped down as a board member, company spokeswoman JZ Rigney has confirmed.

Wolff, a Spokane resident, couldn’t be reached immediately for comment.

Rigney says in an emailed statement that Wolff remains a shareholder in the company and “left the board to concentrate on other professional pursuits.”

Katerra will continue to work on projects with the Wolff Co., a Scottsdale, Arizona-based private equity firm with a Spokane office that Wolff heads, Rigney says. 

Wolff isn’t the first to leave a leadership position with the tech design, manufacturing, and construction company, with Katerra seeing considerable leadership turnover since its launch in 2015. Katerra is on its third CEO in four years and recently brought on its third chief financial officer. 

The company hired Matthew Marsh as CFO in late September, Rigney says. Marsh previously worked in international financial management for General Electric Co. and was CFO and executive vice president for James Hardi Industries, according to a press release published at the time.

Rigney says Katerra also has hired a slew of other executives and upper-level management to strengthen its leadership team.

Company CEO Michael Marks told real estate publication The Real Deal in October that if the company were going public, it wouldn’t be until sometime in or after 2021.

Katerra, which describes itself as a tech company that operates as a construction supplier, builder, and designer, has also faced growing pains, having laid off 61 employees in Scottsdale and another 58 at its Seattle office in early October, just after the company opened its $150 million, 270,000-square-foot cross-laminated timber manufacturing facility in Spokane Valley.

Katerra told the Puget Sound Business Journal in mid-October that the layoffs were a “small reset” amid a flurry of acquisitions. 

In early September, the Katerra acquired UEB Builders and Fortune-Johnson General Contractors, according to a press release published at the time. UEB is a general contractor with offices in Arizona, Washington, and Texas. Fortune-Johnson specializes in multifamily projects.

Katerra has over 8,000 employees worldwide, according to its website, and has over 300 projects in its pipeline, with another 6,000-plus multifamily units under construction. 

Wolff co-founded Katerra in 2015 with personal friends and business partners Marks and Jim Davidson, who is a board member.