Internet REIT Gets New CEO
Wednesday, January 28th, 2009
Snyder out, Hurtte in at Internet REIT.
Internet REIT, a media company that has acquired hundreds of thousands of domain names over the past few years, has a new CEO.
Bob Hurtte joined the company from Gurwitch Products, LLC, the worldwide distributor of the Laura Mercier brand of cosmetics. Hurtte was Chief Operationg Officer at Gurwitch Products. Prior to Gurwitch Products, Hurtte was an accountant with Ernst & Young, LLP.
Former CEO Craig Synder came from competitor Marchex (NASDAQ: MCHX). Synder’s LinkedIn page has not been updated with new employment. Synder had been commuting from his home in Seattle to Internet REIT’s Houston office.
Internet REIT made a splash in the domain business after raising over $100 million. It also spearheaded the formation of Internet Commerce Association. It later was sued by Verizon for a number of trademark typos it owned. Internet REIT exited Internet Commerce Association because of some of its legal issues.
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Tags: internet reit
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It is interesting they hired someone not familiar with the domain biz.
They hired a “suit”.
That tells me they plan to eventually liquidate instead of building.
I guess we will see more domains from ireit on Namejet over the next few months.
I’ve been wondering what ever happen to this very promising “IREIT”
Haven’t heard much about em in a while… Hmm
Their last press release was from almost 2 years ago, in March of 2007.
Ouch!
Mike
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