Homestore.com Names New CEO After Founder Resigns

Share this content:
Homestore.com Inc. named Michael Long CEO yesterday to replace co-founder, chairman and CEO Stuart Wolff, who resigned to "pursue a new technology venture," the company said.


Long previously was CEO of Healtheon Corp. and served as chairman of WebMD Inc. after the two companies merged.


Homestore.com also named Jack Dennison, another former WebMD executive, as chief operating officer. Lewis Belote was named chief financial officer, replacing Joseph Shew, who resigned Dec. 6. Board member Joe Hanauer has been named chairman.


Homestore.com, Westlake Village, CA, said this month that preliminary results of an internal audit had found that it overstated advertising revenue from January to September 2001 between $54 million and $95 million. The real estate services portal said that it would restate its earnings for the first nine months of the year. The company also said that the transactions under review occurred in 2001 and 2000 and that it may have to restate its earnings for 2000 as well.


The Nasdaq stock market halted trading in Homestore.com's stock Dec. 21 at $3.60. The stock resumed trading Jan. 7 and closed that day down $1.14 at $2.46.


close

Next Article in Digital Marketing

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here