Zillow Inc., which operates real estate website Zillow.com, has named Spencer Rascoff CEO. Co-founder Rich Barton, who has been the company's CEO since it was founded in 2005, will continue to be actively involved in Zillow as executive chairman of the board of directors. Fellow co-founder Lloyd Frink will move from president to the new full-time role of chief strategy officer.
Rascoff joined Zillow in 2005 and has been serving as chief operating officer (COO) since October 2008. He was previously chief financial officer and vice president of marketing. As COO, Rascoff has been responsible for the majority of Zillow's day-to-day operations for the past two years, overseeing marketing, finance, partner relations, legal and human resources, as well as the execution of the company's recent partnership with Yahoo Inc.