Domain claims Catalano’s exit has had ‘no impact whatsoever’
The departure of high-profile CEO Antony Catalano has not dented the Domain business, the media and real estate company has claimed in a call to investors.
Catalano re-joined Fairfax in 2013, but left again earlier this year
An investor on the call flagged Catalano’s strong relationships with real estate agents and questioned if his resignation would therefore harm the business, but executive chairman Nick Falloon stressed “we don’t see any impact at all”. He also claimed there would be “no impact whatsoever going forward”.
“We don’t see any impact at all. We’ve got great relationships with the agents, clearly in Tom Ainsworth [chief sales officer] who’s recently joined us in the last six months. He has continuing relationships.
Must be terribly embarrassing for them, having paid such a huge salary to someone whose departure had absolutely no impact.
so no impact when he left? Does that mean he also had no impact when he was still there? Can’t really have it both ways, Nick/Greg.