Another Nine boss stands down

Domain CEO Jason Pellegrino has announced he will step down from the top role at the real estate site after six years.

Pellegrino will continue as chief and managing director for between three and six months “to support the succession process”, as the hunt for a replacement is carried out.

“This staged and orderly exit will allow the board to assess its requirements and evaluate candidates to lead the company going forward,” Domain said in a statement on Wednesday.