Damian Eales New CEO of Move, Inc
Real Estate In-Depth | June 6, 2023
After leading Move, Inc., operator of Realtor.com and a portfolio of other real estate brands, for more than three years, gaining market share and breaking several revenue and audience records, David Doctorow announced on June 1 his decision to depart as Chief Executive Officer of the business.
News Corp has named Damian Eales to succeed him in the position, effective June 12, with Doctorow continuing to assist him in the transition in the coming weeks.
Under Doctorow’s leadership, Move achieved record revenues; had record audiences and consumer satisfaction at Realtor.com; increased market share; strengthened industry relationships and employee engagement; and further diversified revenue streams into the rentals, new homes and seller markets. Between fiscal years 2020 and 2022, Move’s revenues grew by 50%, and average monthly unique users reached a high of more than 100 million in 2022. Doctorow helped complete the integration of OpCity into the Realtor.com business and oversaw the acquisitions of Avail and UpNest.
Over the past several years, Realtor.com has continued to innovate and expand its product offerings for consumers, real estate agents and brokers, new construction builders, lenders and property managers. Among many other changes, Doctorow also oversaw the launch of a new home search algorithm, incorporating AI throughout many products; a new mobile app; leveraging the Opcity platform to create new agent/broker products; and the Seller’s Marketplace and listing agent businesses, with Realtor.com dramatically expanding content coverage in the new construction and rentals verticals.
Prior to joining Move, Doctorow was with eBay, where he served as Head of Global Growth at eBay Marketplaces, and previously was Chief Marketing and Strategy Officer at Expedia. He has a Master’s in Business Administration from Stanford Graduate School of Business and a bachelor’s degree from the University of Pennsylvania.
“I am proud of the many successes we achieved at Realtor.com since February 2020, and greatly value having had the chance to work with the best team in the digital real estate industry. I believe this is the right time for me to embark on a new chapter in my career, and I look forward to working with Damian as he begins his new role,” said Doctorow. “Today the real estate market is experiencing new challenges, but I am confident the people of Realtor.com have what it takes to continue growing and empowering the agents, brokers and other customers to grow, while empowering consumers with confidence as they turn to us to make their dreams of a new home come true.”
Eales has been serving as Executive Vice President and Global Head of Transformation for News Corp since July 2020. Prior to that, he held senior positions at News Corp Australia over seven years, including Chief Marketing Officer and Chief Operating Officer of the Australian publishing business, where he led commercial, consumer, digital product and publishing divisions. Eales previously served in senior leadership posts in several major Australian businesses. Prior to joining News Corp in Australia in 2013, Eales was Chief Marketing Officer at Westpac Retail & Business Bank, and he spent more than a decade at David Jones, a leading premium retailer in Australia, as a group general manager in financial services, marketing & operations and supply chain logistics & procurement.