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REA Group Ltd ( (AU:REA) ) just unveiled an announcement.
REA Group Ltd has announced the upcoming retirement of its CEO, Owen Wilson, who will step down in the second half of 2025 after a successful tenure characterized by strong financial performance and transformative growth. The company is in the process of selecting a new CEO, evaluating both internal and external candidates. Wilson’s leadership has positioned REA as a global leader in digital platforms, and his departure is marked by gratitude for his contributions to the company’s success. The transition is expected to be smooth, with Wilson remaining involved to ensure continuity.
More about REA Group Ltd
REA Group Ltd is a multinational digital advertising business specializing in property. It operates Australia’s leading residential and commercial property websites, including realestate.com.au and realcommercial.com.au, and owns several other platforms and strategic investments in the real estate and mortgage industries both in Australia and internationally.
YTD Price Performance: 7.08%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $20.51B
For a thorough assessment of REA stock, go to TipRanks’ Stock Analysis page.
