Auction.com, the online real estate marketplace, has named Tim Morse as its chief financial officer and executive vice president.
Morse will oversee Auction.com’s financial operations and growth strategies from the company’s Silicon Valley office. To facilitate a seamless transition, he will work closely with outgoing CFO Bruce Felt, who is set to depart in June.
Morse is former executive of Yahoo! Inc. He left the company in 2012, after serving as Yahoo’s chief financial officer and interim CEO.
“As we position ourselves for a new phase of growth, Tim’s expertise and experience with fast-growing technology companies are important additions to the Auction.com management team,” said Jeff Frieden, Auction.com CEO and co-founder. “We will rely heavily on his leadership as we expand our ongoing efforts to transform how real estate is bought and sold."
Previously, Morse held numerous positions of progressively greater financial leadership with the General Electric Company, driving value creation initiatives for GE Capital, GE Corporate, GE Appliances and GE Plastics. In July 2005, Morse was named CFO and general manager of business development for GE Plastics.
He brings more than 15 years of experience to Auction.com. “Auction.com is a game-changer for both the real estate industry and e-commerce,” Morse said. “Real estate represents the largest financial transactions that most businesses and individuals will make. It’s truly exciting to help make that process more fair and equitable.”