NEW YORK, Jan. 8, 2020 /PRNewswire/ -- 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.
Contacts
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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SOURCE realtor.com