McGrath Group loses head of sales Matt Lahood after two decades
McGrath Limited has lost its head of sales, Matt Lahood, it announced to the stockmarket on Monday.
It announced the appointment of Kon Stathopoulos into the role.
The company shares slipped to $1.13 today, still well down on its $2.10 float price last December.
Lahood, who declined to respond to Property Observer's query last Thursday on the then rumoured departure, has been with the McGrath business since 1997. He was director of sales for 12 years.
The besieged group acknowledged he had been pivotal in driving the growth of company owned sales, and then leading the sales team through the turbulent period involving the recent listing on the ASX.
McGrath founder John McGrath said Matt has had a long and important history with the business.
Kon Stathopoulos has been with McGrath since the beginning of 2014, currently as McGrath’s general manager of sales, NSW.
Before joining McGrath he was with Neopost, the mailroom digital communications and logistics solutions company.
The new McGrath’s chief executive officer, Cameron Judson said he was looking forward to the "next exciting phase for McGrath.”
Lahood's company profile advised he was a trusted mentor to a team of 300 inspired sales professionals, adding Matt Lahood had been "a driving force behind McGrath’s continued success in a competitive property industry."
"He is an esteemed real estate expert among colleagues and carries a multi-generational client base where he combines a wealth of experience acquired over 22 years in property sales with a clear passion for helping to generate a personal success for those whom he meets along the way."
Judson in the internal notification advised other staff that Lahood retained his shareholding.
Founded in 1988 by John McGrath, McGrath has been established as one of the leading residential real estate service providers in Australia with a strong market presence in NSW and the ACT, a growing presence in Queensland and entered the Victorian market at the end of 2015.