Webmasters are people that create and manage a web site. Originally company sites were managed by a single webmaster resource. Today, however, the Internet is much more complex and the webmaster of old has been replaced by a web team for a company of any size. The modern meaning of webmaster is someone who manages the web team both in development and in production.
Webmaster Tips
Look for a webmaster that understands every aspect of development, not just design and technical considerations.
Your webmaster resources should have strong project management skills. Web site development tends to have short development cycles requiring coordination of multiple skills, which can be quite challenging for a project manager.
Often companies higher a webmaster when they would be better served by investing in broader range of outsource skills. If you have a small to mid-sized company where your web site is not the focus of your business consider outsourcing.
Make sure your webmaster, whether internal or external, understands your company needs, markets, products, customers, and internal processes.