New CEO for Move Inc
January 22, 2009 by Emma Sorensen
US market leader Move, Inc. has announced the appointment of Steven H. Berkowitz as the company’s Chief Executive Officer.
The appointment is effective immediately, and he succeeds W. Michael Long, who is retiring from both the company and the board.
In a statement from the company about the appointment, Joe Hanauer, Chairman of the Board of Directors, said:
“The Board and Mike have been working on succession planning for some time and in Steve we have found someone who can build upon our competitive strengths and solid balance sheet to enhance shareholder value. Steve is a seasoned executive with public company CEO experience and has successfully operated consumer-focused technology businesses. His deep knowledge of content delivery and his comprehensive understanding of the changing advertising and operating environments make him the ideal person to lead the Company into the future. We look forward to leveraging his strong expertise as we position Move to take advantage of the long-term growth opportunities for our customers, partners and shareholders.”
“On behalf of the Board, I want to thank Mike for the many contributions he has made to Move over the past seven years at the helm,” he continued. “Mike joined Move at a pivotal time and was instrumental in leading the Company through a very difficult turnaround, from which it emerged as the undisputed market leader. As a result of Mike’s initiatives, Move is now the largest online real estate company, with the best team in the industry, the largest consumer audience, the most advertisers and the most real estate content.”
Steven Berkowitz joins Move as CEO with over 25 years experience in the media content, advertising and Internet industries, and has served on Move’s Board of Directors since June 2008.
He was formerly CEO of ask.com. Before that he was President and Chief Operating Officer of IDG Books, where he established the Company as a global consumer business under the brands of “…for Dummies”, Frommers, Cliff Notes and others. During his tenure, IDG’s revenues grew from approximately $25 million to roughly $200 million and the company was successfully taken public. He also served as Senior Vice President of Microsoft’s Online Services Group from 2006 to 2008, and currently serves on the Board of Directors of theladders.com.
Steven said of his new appointment:
“I am excited to return to the role of chief executive and to have been chosen to lead Move and our talented group of professionals as we position the Company for continued growth. Move has been a driving force behind the rapid expansion of the online real estate marketplace, and I look forward to building on the Company’s industry leading position and taking Move to the next level of operational and financial performance.”
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