HouseValues COO steps down |
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Thu, 25 Jan 2007 00:34
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KIRKLAND, Wash. (AFX) - HouseValues Inc., a provider of online subscription services for real estate agents and mortgage bankers, said Wednesday its chief operating officer, Clayton Lewis, has left the company to pursue other interests.His responsibilities will split between chief executive Ian Morris and the company's newly appointed chief financial officer, Barry Allen.Allen, 54, a former CFO for Move.com and former COO and CFO of Marketwave Corp., was named CFO for HouseValues on Wednesday.Jacqueline Davidson, who served as interim CFO since this summer, will stay on as vice president of finance.Under the terms of Allen's contract, his initial base salary will be set at $275,000, and he will receive a one-time signing bonus of $100,000. He will also receive the option to purchase 300,000 shares of the company's stock.The company also named Peter Quinn as vice president of customer operations and Scott Smith as vice president of customer advocacy.HouseValues also said it is exiting its mortgage lead business and scaling back on initiatives that are not critical to its real estate agent customer base.Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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