Auction.com [1] announced Monday that it had hired a new chief financial officer. Tim Morse, a former CFO at Yahoo!, has been named as the company's CFO and executive vice president.
The announcement came on the heels of a $50 million investment from Google Capital, a strategic partnership aimed at expanding Auction.com's share of the global real estate marketplace.
"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."
Morse will oversee Auction.com's financial operations and growth strategies from the company's Silicon Valley office.
"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."
Morse has worked with numerous technology companies in various stages of development, as well as 15 years with General Electric providing financial leadership.
Morse holds a Finance and Operations & Strategic Management degree from Boston College.