NEW YORK (TheStreet) -- Zillow (Z) announced today that Errol Samuelson will join the company in the new position of Chief Industry Development Officer to lead the firm's real estate industry relations strategy. He will report directly to Zillow's CEO, Spencer Rascoff.
Samuelson, 47, is the former president of REALTOR.com and chief strategy officer of Move (MOVE). Samuelson brings more than 20 years' worth of experience in the technology and real estate industries. He will be responsible for continuing to build and strengthen Zillow's relationships with brokerages, franchisors, MLSs and trade associations around the country. In addition, he will also oversee Zillow's real estate business-to-business products and tools.
"We're thrilled for Errol to join the Zillow family. We've long admired Errol for his leadership as well as his perspective and approach in advocating on behalf of the real estate industry to embrace and leverage evolving technology and times," Rascoff said in a press release. "We place tremendous value on fostering great partnerships and building innovative products that support our industry partners, and Errol is the right person to lead this new role."
Samuelson said he was excited about the move, as Zillow continues to show innovation in the online real estate advertising market. "I'm excited about joining Zillow because I believe the company is leading the real estate industry in innovation and serving consumer needs," Samuelson said in the release. "Equally important, I believe the entire management team truly understands the essential role real estate professionals play, is committed to their success, and wants to create deeper, mutually beneficial partnerships with the industry. We're in the midst of an exciting era in real estate, and I look forward to working with Zillow and the real estate industry to ensure that Zillow is the absolute best partner it can be. My first priority will be to listen, and incorporate the industry's feedback to evolve Zillow's technology and partnership programs."
Zillow said that other industry-related services will continue to be managed by Greg Schwartz, the company's Chief Revenue Officer.
Shares of Zillow closed the regular session lower, falling 0.88% to $83.22.