NEW YORK, Sept. 4, 2013 /PRNewswire/ -- Bankrate, Inc. (NYSE: RATE) announced the appointment of Kenneth S. Esterow as Senior Vice President and Chief Operating Officer of Bankrate, Inc. Mr. Esterow will be based in Bankrate's New York City office.
In this newly created position, Mr. Esterow will report to Bankrate's President and Chief Executive Officer, Thomas R. Evans. Mr. Esterow's responsibilities will include: leading new product development, improving marketing efficiency, expanding deeper partner integration and enhancing operational excellence.
"We are excited to have Ken Esterow join our strong executive team," said Thomas R. Evans, President and CEO of Bankrate, Inc. "As the company has grown larger and become more diversified, there has been a need to continue to add to the management team to take advantage of the additional opportunities for growing the company. Ken's experience as a leader and operator brings an added talent to our company," added Mr. Evans."I am privileged to be joining Bankrate at such an exciting time in the company's history," said Mr. Esterow. "I look forward to working with the Bankrate executive team in leading initiatives that build upon Bankrate's great platform for personal financial content." From 2007 until 2011, Mr. Esterow was the President and CEO of GTA by Travelport, a global online B2B travel distributor with $2 billion in gross revenues. At GTA, he delivered 80% EBITDA growth and then led GTA's sale to the Kuoni Group. Mr. Esterow spent six years (2000 - 2006) at Cendant Corporation, where he held the positions of Senior Vice President, eCommerce Development, Chief Business Development Officer, Executive Vice President, Supplier Services and ultimately, President and CEO, Travel Industry Services, Americas. Earlier in his career, Mr. Esterow held a number of executive positions at The Netmarket Group and Deloitte Management Consulting. Mr. Esterow is a Director at Orbitz Worldwide, Inc. (NYSE: OWW). Mr. Esterow holds a Masters of Business Administration from The Wharton School and a Bachelor of Arts degree in Biology from the University of Pennsylvania. About Bankrate, Inc.Bankrate is a leading publisher, aggregator, and distributor of personal finance content on the Internet. Bankrate provides consumers with proprietary, fully researched, comprehensive, independent and objective personal finance editorial content across multiple vertical categories including mortgages, deposits, insurance, credit cards, and other categories, such as retirement, automobile loans, and taxes. The Bankrate network includes Bankrate.com, our flagship website, and other owned and operated personal finance websites, including CreditCards.com, Interest.com, Bankaholic.com, Mortgage-calc.com, CreditCardGuide.com, Nationwide Card Services, InsuranceQuotes.com, CarInsuranceQuotes.com, InsureMe, Bankrate.com.cn, CreditCards.ca, NetQuote.com, and CD.com. Bankrate aggregates rate information from over 4,800 institutions on more than 300 financial products. With coverage of nearly 600 local markets in all 50 U.S. states, Bankrate generates over 172,000 distinct rate tables capturing on average over three million pieces of information daily. Bankrate develops and provides web services to over 80 co-branded websites with online partners, including some of the most trusted and frequently visited personal finance sites on the Internet such as Yahoo!, AOL, CNBC, and Bloomberg. In addition, Bankrate licenses editorial content to over 500 newspapers on a daily basis including The Wall Street Journal, USA Today, The New York Times, The Los Angeles Times, and The Boston Globe. www.bankrate.com For more information: Bruce J. ZancaSenior Vice President, Chief Marketing Communications OfficerBankrate, Inc. BZanca@Bankrate.com(917) 368-8648 SOURCE Bankrate, Inc.