Realtor.com operator Move Inc. is looking for a new chief financial officer after Rob Krolik — the former eBay executive Move hired in 2009 to assist in a capital restructuring — announced his departure for Yelp Inc., where he will help the company prepare for an initial public offering.
Krolik was part of a new management team brought in by Steve Berkowitz after becoming Move’s CEO in January 2009.
Before joining Move, Krolik served as vice president and chief financial officer at Shopping.com, where he helped the company go public before it was acquired by eBay in September 2005.
After eBay’s acquisition of Shopping.com, Krolik stayed on as vice president for global finance operations at eBay’s marketplaces division, helping restructure the company’s financial architecture to achieve greater scale.
"Rob’s demonstrated track record as a successful public company CFO and hands-on business experience made him the perfect candidate to step into this important role on our management team," Yelp CEO Jeremy Stoppelman said in a statement. "Among numerous candidates, we’re excited to have found a seasoned Silicon Valley veteran who is eager to help scale a fast-growing business like ours."
Yelp credited Krolik with leading Move’s turnaround efforts by restructuring the capital structure, outlining a long-term financial success model, and putting in place infrastructure to scale the business.
In a statement, Berkowitz said Krolik "has been a great partner and I want to thank him for his many important contributions to Move. Over the past two years, we’ve made tremendous progress realigning the company to connect consumers with real estate professionals and to take advantage of the large online real estate opportunity."
Move said it had begun an executive search for a new CFO and that Krolik would assist in the transition of his duties.