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REA boss Tracey Fellows to step down for global role at News Corp

REA Group has announced CEO Tracey Fellows will step down from her role for a global position at News Corp in January.

In her new role, Fellows will be the president of News Corp’s global digital real estate, based in New York.

Tracey Fellows, REA CEO

In a statement to the ASX, Robert Thomson, News Corp’s CEO, said: “Tracey has driven the rapid expansion of the digital real estate business in Australia and Asia and we believe her leadership internationally will ensure that all of our digital property companies realise their extraordinary potential. She is an inspiring leader who is able to bring out the best in teams and in individuals.

“Audiences, revenue and profits at REA Group have all expanded significantly during Tracey’s tenure as CEO. She has been an irrepressible innovator and has led the company into intelligent adjacencies, such as financial services and property data, which have broadened the revenue base and built a platform for future growth.”

Fellows will continue to serve on the REA board on behalf of News Corp.

Chairman of the REA group board of directors Hamish Mclennan added: “REA Group has seen exceptional transformation and growth since Tracey took the helm in 2004. She has the extraordinary ability to harness the power of people, technology and data and has built strong cultural and operational foundations that will drive our growth into the future.

“The board and I are enormously grateful to Tracey for all she has done and wish her every success in her exciting new role and look forward to continuing to work with her.”

On her time at REA, Fellows said working with the team and the board has been an “absolute privilege.”

“It’s one of the exiting things about the opportunity; it allows me to take on a new challenge while continuing to work alongside these incredible people – all in an industry I am so passionate about. I feel very fortunate. There could not be a more exciting time for a role like this.”

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