David Doctorow Named CEO Of Move, Inc.
January 08 2020 - 4:05PM
Business Wire
Veteran of eBay, Expedia To Lead realtor.com®
Operator Beginning in February
News Corp announced today that David Doctorow will become Chief
Executive Officer of Move, Inc., operator of realtor.com®,
effective Feb. 3.
Mr. Doctorow joins Move from eBay, the global e-commerce
business where he served as Head of Global Growth, eBay
Marketplaces, since 2016. He previously was Chief Marketing and
Strategy Officer at Expedia, the leading travel technology
company.
Mr. Doctorow succeeds Tracey Fellows, who has served as Move’s
interim CEO since June. He will report to Ms. Fellows in her
capacity as News Corp’s President of Global Digital Real Estate, a
role she assumed in January 2019, after serving as CEO of REA
Group, a leading digital real estate business in Australia and
Asia, in which News Corp has a 61.6% stake. REA Group has a 20%
stake in Move.
“David is a thoughtful, dynamic leader with vast experience in
contemporary digital commerce, and thus the ideal individual to
take charge at Move, whose audience growth is significantly
outpacing that of the nearest competitor,” said Robert Thomson,
Chief Executive of News Corp. “Realtor.com® is the pre-eminent
marketplace for consumers and real estate professionals, and
David’s digital drive and his marketing savvy will enhance the
company and the industry for years to come.”
News Corp is a global leader in digital real estate services.
Since the creation of the new News Corp in 2013, digital real
estate revenues have more than tripled, with the segment
approaching $1.2 billion in Fiscal Year 2019. Segment EBITDA has
more than doubled during that time, accounting for 31% of reported
Total Segment EBITDA for News Corp in Fiscal Year 2019.
Realtor.com® has more than doubled the number of unique users
since its acquisition by News Corp in 2014. For the first quarter
of Fiscal Year 2020, ending Sept. 30, News Corp reported that there
was an 18% year-over-year increase in traffic on the site, growing
faster than that of its nearest competitor.
“I have greatly enjoyed my time working so closely with the team
at Move, and I am thrilled that our search for the next CEO led us
to David Doctorow, who I know is destined to lead realtor.com® into
an ever more prosperous future,” said Ms. Fellows.
”I am grateful for the opportunity to join the team at News Corp
and to lead Move, Inc., where we have the privilege of helping real
estate professionals match buyers and sellers as they make one of
the most important personal and financial events of their lives. I
am looking forward to working with the strong Move team to take the
business to the next level,” said Mr. Doctorow.
Mr. Doctorow helped eBay through a successful turnaround in
recent years, leading a versatile global team and implementing
significant marketing tech and workforce advancements at the
company. eBay was named one of the 10 “top-rated” workplaces of
2019 by Fast Company magazine.
Before his time at Expedia, where he also led a large team in
building the business on a global scale, Mr. Doctorow worked as an
executive in the marketing and sales practice at McKinsey &
Company and as Director of Global Marketing Strategy and Operations
at the Hewlett-Packard Company.
He was named one of Top 50 CMOs to Watch by Boardroom Insiders
and a Forbes Top 50 Most Influential CMO. He has a BA in
International Relations from the University of Pennsylvania, and an
MBA from Stanford University Graduate School of Business.
Mr. Doctorow will be based at Move’s Santa Clara, CA
headquarters.
About News Corp
News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global,
diversified media and information services company focused on
creating and distributing authoritative and engaging content and
other products and services. The company comprises businesses
across a range of media, including: news and information services,
subscription video services in Australia, book publishing and
digital real estate services. Headquartered in New York, News Corp
operates primarily in the United States, Australia, and the United
Kingdom, and its content and other products and services are
distributed and consumed worldwide. More information is available
at: http://www.newscorp.com.
About Move, Inc.
Move, Inc., a subsidiary of News Corp [Nasdaq: NWS, NWSA] [ASX:
NWS, NWSLV], operates a family of websites and mobile experiences
for consumers and real estate professionals through all stages of
the home journey. This includes realtor.com®, a leading online real
estate destination that pioneered digital real estate more than 20
years ago. Operating under a perpetual license from the National
Association of REALTORS®, realtor.com®, offers the most MLS-listed
for-sale listings among national real estate portals, and access to
information, tools and professional expertise that help people move
confidently through every step of their home journey. Through its
Opcity platform, realtor.com® uses data science and machine
learning to connect consumers with a real estate professional based
on their specific buying and selling needs. Move also offers a
complete solution of software products and services to help real
estate professionals serve their clients and grow their business in
a digital world, including ListHub™, the nation’s leading listings
syndicator and centralized intelligence platform for the real
estate industry; and Top Producer® Systems.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200108005836/en/
News Corp Investor Relations Michael Florin 212-416-3363
mflorin@newscorp.com
News Corp Corporate Communications Jim Kennedy 212-416-4064
jkennedy@newscorp.com
Move, Inc. Corporate Communications Janice McDill 408-558-4620
janice.mcdill@move.com
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