REA Group appoints new CEO
Cameron McIntyre has been appointed chief executive officer of News Corp’s REA Group, the parent company of the successful realestate.com.au portal.
McIntyre will officially start in the role on November 3, taking over from current CEO Owen Wilson who flagged his retirement in February after more than six years in the top job, and 11 years at the company, including a stint as CFO.
McIntyre comes from CAR Group, owner of the carsales.com.au marketplace, where he was CEO and managing director for the past nine years.
This appointment comes as REA Group’s closest competitor Domain finalises a $3 billion takeover by US real estate listings giant Costar, and installs former CEO Jason Pellegrino as company president.
REA Group Chairman, Hamish McLennan said McIntyre’s appointment follows “a comprehensive global search”.
Cameron McIntyre
“His proven calibre and unique experience, including a deep understanding of, and success in, a business that has much in common with REA, make him the ideal person to build on REA’s strong momentum and lead its next phase of growth,” McLennan said in a media release.
“Having led the growth and transformation of CAR Group’s business, Cam has a wealth of experience in successfully leading a thriving global digital business. He has consistently executed strategies that enhance value for customers while breaking new ground to improve the consumer journey.
“His track record of driving high performance and his commitment to leading the growth and development of teams also demonstrate a clear alignment with REA’s values.”
McIntyre said REA Group is an “inspiring and iconic business that I’ve long admired and whose products I’ve observed and used extensively for many years”.
He continued: “REA has outstanding market leading brands, a talented team, an incredible culture and a lot of growth potential.
Its culture of innovation and investment is renowned and I’m looking forward to working with the Board and the team to continue delivering growing value for REA’s customers, frictionless and engaging experiences that enhance the property experience for consumers, and excellent outcomes for shareholders.”
Wilson will move to a role within at the company as chair of REA India.
“Since announcing in February his intention to retire, Owen has continued to lead REA with enthusiasm and dedication,” McLennan said.
“We are extremely grateful to Owen for his commitment to REA and the significant impact he has had in his leadership, first as CFO and then as CEO. During Owen’s time at REA, the Company has achieved considerable growth and transformed from an Australian property listing business to an international, diversified business, and the renowned culture of REA has gone from strength to strength.”
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