Tim Morse, a seasoned executive who has helped numerous technology companies – from start-ups to industry powerhouses – implement strategies that support sustainable growth, has reportedly been named chief financial officer (CFO) and executive vice president (EVP) for Auction.com, a leading online property auction service.
Morse is the former CFO and interim CEO of Yahoo!, where he worked until fall 2012. He then joined online advertising start-up Adap.tv, where he led the company's IPO to near conclusion. Just before going public, the fast-growing tech company was acquired by AOL Inc.
Prior to his stints at Yahoo! and Adap.tv, Morse held numerous positions with General Electric Co., driving value creation initiatives for GE Capital, GE Corporate, GE Appliances and GE Plastics. In July 2005, he was named CFO and general manager of business development for GE Plastics. He left GE in 2007 to become CFO for the Altera Corp., a San Jose, Calif.-based maker of programmable logic semiconductors.
In his new role, Morse will oversee Auction.com's financial operations and growth strategies from the company's Silicon Valley office.
To facilitate a seamless transition, he is working closely with outgoing CFO Bruce Felt, who will depart in June.
The appointment comes just weeks after Auction.com announced a $50 million investment from Google Capital, part of a strategic partnership that is focused on expanding Auction.com's share of the global real estate marketplace.