REA Group CEO, Greg Ellis, resigns

REA Group Limited has broadcast that Chief Executive Officer and managing director, Greg Ellis, has given in his notice of resignation for both roles, in order to pursue opportunities outside the company at a non-competitive organisation.

Ellis will remain in the role until a successor is appointed, with a departure date to be advised.

He was appointed to the role in 2008.

Ellis led the development of a clear strategy, said REA Group Chairman Hamish McLellan.

“On behalf of the Board, I would like to thank Greg for his outstanding service to the business. Greg and his team have delivered record results and we believe that our strategy is well-poised to build on our strong market position. We wish Greg the very best of luck with his future endeavours," said McLellan.

A replacement CEO is being sought.

Jennifer Duke

Jennifer Duke

Jennifer Duke was a property writer at Property Observer

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