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Last edited 4 months ago
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#Management
Added 4 months ago

An interesting appointment to say the least. Ostensibly good fit of course.


Cameron McIntyre appointed Chief Executive Officer of REA Group Ltd

The Board of REA Group Ltd (ASX:REA) is pleased to announce the appointment of

Cameron McIntyre as Chief Executive Officer (CEO) of REA Group with effect from 3

November 2025. Mr McIntyre will succeed Owen Wilson who, as announced in February

this year, has chosen to retire from full time executive roles.

Mr McIntyre is a highly regarded leader with an exceptional track record of delivery in

digital marketplace businesses across domestic and international markets. He has been

Managing Director and CEO of CAR Group Limited for the last nine years, during which

time the group has seen significant expansion, growing to become over six times larger

while delivering excellent shareholder returns.

REA Group Chairman, Hamish McLennan said: “We are delighted to announce Cam’s

appointment, following a comprehensive global search. 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.

“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.”

Mr McIntyre said: “I’m thrilled to be joining REA Group. This is an inspiring and iconic

business that I’ve long admired and whose products I’ve observed and used extensively

for many years. 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.”

Mr Wilson has been with REA for almost 11 years, including over six years as CEO. He will

continue in his role as CEO until 31 October 2025 to ensure a smooth transition. After

finishing as CEO, we are pleased to announce that Mr Wilson will commence in the role of

Chair of REA India Pte. Ltd.

Mr McLennan recognised the contribution that Mr Wilson has made in his time at REA:

“Since announcing in February his intention to retire, Owen has continued to lead REA with

enthusiasm and dedication. 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.”

#Bull Case
stale
Last edited 2 years ago

I don't hold (sadly, despite several opportunities to open my account as a shareholder over many years), but surely this is the best way to play the seemingly bottomless Aussie obsession with property? (Yes, forget your nth investment property purchase!)

It is pricey now, but typically only offers fleeting opportunities to buy at something like half-reasonable value. The performance has been rock steady even in difficult conditions for the property market, which has certainly impacted listings growth. That hasn't landed more than a little rap on the knuckles for this outstanding business though.

For all its utter dominance of the local market where it still seems to have copious amounts of pricing power levers to pull, it is also targeting an enormous opportunity in the Indian market with its ownership of the largest real estate classifieds platform there. I wouldn't bet against them making that work given the stellar track record of this business.