SAN JOSE, Calif., April 4, 2013 /PRNewswire/ -- Move, Inc. (NASDAQ: MOVE) today announced that Errol Samuelson is promoted to Chief Strategy Officer, expanding his role at the company. To capitalize on its strong 2012 results, and to fuel growth and drive sustainable competitive advantage the company created the new role and promoted Samuelson to fill it.
"Errol has more than ten years experience with Move and twenty years in technology and real estate," said Steve Berkowitz, Chief Executive Officer of Move. "He's worked in both strategic and operational roles. He's the perfect person for the job. This will be transformational for Move's employees, customers, partners, and shareholders." At Move, Samuelson led the team the acquired TigerLead and Relocation.com in 2012, and before that, SocialBios, ListHub, and TopProducer Systems. Through these acquisitions, he helped Move build the most complete set of real estate solutions and publishing tools in the industry, one that also protects the rights and intellectual property of brokers and multiple listing services.
For realtor.com, a leader in online real estate operated by Move, Samuelson launched the 2007 program to increase the accuracy of its listings, with most listings now updated every fifteen minutes. He also launched the Find initiative, providing a natural language search engine and portal to multiple listing services. In his past role as president of Top Producer, the Move division that provides an intelligent real estate CRM solution, Samuelson led the transition from packaged software products to the current software-as-a-service model, quadrupling revenue, driving a thirty-point improvement in profitability, and signing co-marketing agreements with five of the largest real estate franchisors.
Move's return to double-digit growth is due in part to the changes made in personnel, technology infrastructure, and revenue streams. The company is uniquely positioned to lead the Real Estate industry, and to rapidly grow revenue. "It is precisely this environment and opportunity that makes Errol's appointment exciting," Berkowitz said. "In his new role, Errol will work closely with me to define the vision, strategy and future direction of Move. He will also explore new areas where Move can expand its offerings."
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts