Angus Raine, CEO at Raine & Horne, has been appointed to the additional role of executive chairman, continuing 130 years of a Raine family member at the helm of the nationwide network.
Angus Raine takes over from his father, Max Raine, who has led the family-owned and operated business since 1950.
“We have been a 100 per cent family-owned and operated business since 1883, and this enables Raine & Horne and our global network of offices to enjoy consistent management, which is at odds with nearly all of our competitors, who have endured major changes in this area in recent years,” Angus Raine said.
According to Raine & Horne non-executive board member Doug McCluskey, Angus Raine is the perfect person to take over the reins as executive chairman.
“Angus is well placed for his new role as he’s been in the industry for 26 years, enabling him to see the peaks and troughs of the market,” he said.
“He has also won numerous real estate awards during his real estate agency career and is well qualified, especially since graduating from Harvard Business School in 2009.”
Angus confirmed that Max Raine will not be lost from the Raine & Horne network.
“My father is still actively involved in the business but has decided to wind down his day-to-day activities after more than 60 years at Raine & Horne, a period that included our successful repositioning into franchising in the mid-1970s,” he said.
“As a consequence, the Raine & Horne board has taken the decision to make this change as part of our long-term succession planning strategy.”