Move, Inc. Loses Board Member

William Kelvie has resigned from his position on the Move, Inc. board of directors.

Move is the parent company of top US real estate websites realtor.com and move.com. Kelvie joined the board of directors in 1998, and his professional history also includes executive roles with Fannie Mae and the job of CEO at IT company Overture Corporation.

Joe Hanauer, chairman of the Move board of directors, summed up Kelvie’s time on the board:

“During Bill’s 11 year tenure on the board, his unique background in technology and the mortgage industry played an important role in guiding the company’s growth. In fact, as one of Move’s early directors he played a key role in helping shepherd the company to its long standing leadership position in the online real estate space.”

2009 was a year of change at Move, with the sale of Welcome Wagon, a new CEO and the departure of president Lorna Borenstein, plus serious overhauls of seniorhousing.net and moving.com and new plans for realtor.com.The company moved headquarters in an effort to cut costs, and launched the Builders Digital Experience website – a joint venture dedicated to helping new home builders reach buyers.

The company saw a drop in revenue in the first, second, and third quarters of 2009 compared to 2008 totals.

Move’s share price ended the day’s trading down 3.53 percent.

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