A new era has dawned at one of the most long-standing real estate agencies in Australia. At Ray White Double Bay, a new team of directors has taken over from the founding fathers who launched the office 30 years ago.
Elliott Placks has taken over control of Ray White Double Bay from its founding directors Craig Pontey and Michael Finger, who have sold their shareholding to Mr Placks after first hanging the “open” sign way back in 1988.
Mr Placks will be assisted in driving the business deep into the 21st century by Michael Krimotat and Daniel Pym, who have been appointed as directors.
Mr Placks has been with Ray White Double Bay for 15 years, seven of which as a director.
He said that he was “thrilled” to be at the helm.
“I’m proud of the achievements this incredible team has received and their continuous drive for high performance.”
Both Mr Pontey and Mr Finger will stay with the business as sales agents.
Mr Pontey said that his staying was part of a “very natural” succession plan.
“Why would I go anywhere? I love Ray White and want to see Elliott and the business continue to be the market leader in the eastern suburbs.
“This is a very stylish transition and the time is right. We both know Elliott will take the business that we started in 1988 to new levels.”
Mr Finger agreed, calling it “business as usual”.
“Real estate is a people business at the end of the day,” Mr Finger said.
“Craig and I are just stepping back from the day-to-day management of the business and I’m looking forward to helping mentor the agents.”
Mr Krimotat is the new director of property management. He said that he was excited to build on the foundations set many years ago.
Mr Pym is the new director of Loan Market Double Bay. He said that the road ahead was very exciting.
Ray White Group director Dan White paid tribute to the founders.
“Congratulations to Mike and Craig on the last 30 years which has been noted for their enduring and outstanding leadership.”
He also wished the whole Double Bay team well for the new era.
“I have full confidence in Elliott and his clear ambitions to take the business from strength to strength,” Mr White said.
“We have seen this in the development programs implemented for Mr Placks’ ambitious team, the rebuilding of the office technology platform, some excellent recruitment activities and even greater devotion to community service.
“We remain enormously proud of the Double Bay team and what it stands for.”
Last year, Ray White Double Bay sold more than $930 million in property.
It boasts holding the top sales office position in the Ray White Australian network for seven years running.