Western Australia’s Realmark will restructure its business with the appointment of a chief operating officer and the creation of a board of directors.
Realmark is expected to announce its new COO in the coming weeks.
The COO’s role will be to liaise with the managing director, while overseeing the operation of each business unit and bringing additional strategic direction, leadership and further innovation, Realmark said.
Other changes include the formation of an advisory board of directors, which will oversee the group’s future direction.
According to managing director John Percudani, who established Realmark with wife Anita in 1989, the changes to the group’s corporate governance mirrored its new standing as a major, multifaceted, corporate business.
“When Realmark was founded 25 years ago we specialised purely in commercial and project real estate,” he said.
“Today, the group has diversified into commercial and residential sales and leasing, property management, strata management, financing and marketing.
“In our 25th year we identified the challenge of bringing the group’s corporate structure in line with where we, as a proud WA company, believe we stand in the wider business community.
“We’re very proud of what Realmark and our staff have achieved over the years and genuinely believe we’ve earned the right to stand alongside the most respected property groups in Australia,” he added.