News promotes Cameron McIntyre to CEO as founder Greg Roebuck retires has promoted chief operating officer Cameron McIntyre to CEO and MD as co-founder Greg Roebuck moves on from the position.

Carsales' Greg Roebuck (retiring), non-executive chairman Jeffrey Browne and incoming CEO Cameron McIntyre

Carsales’ Greg Roebuck (retiring), non-executive chairman Jeffrey Browne and incoming CEO Cameron McIntyre

The appointment will be effective from March 17, with Jeffrey Browne, chair of the Carsales board, noting the board has confidence in McIntyre’s ability to lead the company’s future development.

“Cameron’s nine years of service to Carsales have been marked by outstanding performance and he has demonstrated remarkable talent and sound judgement in everything he does,” Browne said.

“The board believes his appointment reflects the strength of the company’s succession planning and the quality and depth of its management team.”

Browne said Roebuck leaves the company in a very strong position after helping transform the company from a loss-making start-up to an ASX Top 100 business with a market capitalisation of $2.7 billion.

“Greg co-founded Carsales in 1997 and has been responsible for its outstanding development and sustained position as number one in the Australian market for online automotive classifieds. He put in place and inspired an immensely talented team reflecting an innovative ‘can do’ culture.”

Roebuck conceded leaving the company he founded was a difficult decision but said the timing was “absolutely right for this transition”, adding that he is also stepping down from the board “to ensure a clear runway for Cameron as the incoming CEO”.

McIntyre and Roebuck will work together for a transition period over the next eight weeks, after which Roebuck will not take up another executive role and will instead spend more time with his family and friends “while indulging his passion for learning and travel”.

McIntyre, who joined Carsales in May 2007 as the chief financial officer and company secretary, and played a key role in the company’s IPO in September 2009 said he hoped to continue Roebuck’s success.

He said: “I am very passionate about the business, proud of how we’ve evolved and extremely excited about the possibilities for the future. Our people and our culture of innovation will remain constants in the formulae of Carsales’ success. Our strategy of developing a customer-focussed core business while creating new opportunities and partnerships will continue to be central to the delivery of our future potential.”

The transition at Carsales comes at the same time that rival Carsguide, in which News Corp sold its interest to US-based Cox Automotive last year, was officially merged with Cox’s other assests.

Carsguide joins Cox entities Dealer Solutions, Manheim car auctions and Sell My Car under the banner of Cox Automotive Australia which will cover both the retail and wholesale sectors.

John Bailey, president of international at Cox Automotive, said the combined group would create new opportunities for private sellers and dealers.

“This merger aligns our capabilities in the region with Cox Automotive’s comprehensive range of global products and services and will enable us to connect our clients to an unrivalled suite of the most powerful solutions in the automotive marketplace, in a truly differentiated way,” Bailey said.


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