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REA Group has moved swiftly to announce who will replace Tracey Fellows as CEO, as the group continues to double down on its Australian real estate ambitions.
Owen Wilson will replace Tracey Fellows as CEO.
Ms Fellows is stepping down from her role as CEO in January 2019 to become president, global digital real estate, News Corp, based in New York.
Chair of the REA Group Board of Directors Hamish McLennan said that Mr Wilson has played a “critical” role in REA Group’s growth.
“He has a deep understanding of the company, our long-term strategy and the importance of our customers in driving business success.
“The board has worked closely with Owen over the past four years in his capacity as chief financial officer, and we are excited by his vision for the future of REA. The board has a long-term commitment to succession planning, and I am pleased that this internal appointment reflects the strength of our REA Group talent.”
Mr Wilson paid tribute to Ms Fellows.
“I’m grateful to everyone who has supported me along the way, especially Tracey. Leading the REA team will be a privilege and I look forward to working with them to continue to deliver our growth strategy both domestically and internationally.
“REA Group is in a strong position. My priority is to ensure we continue to drive value for our customers and consumers in Australia and Asia.”
REA Group said in an ASX announcement that Mr Wilson joined the group in 2014 as chief financial officer and has been responsible for all aspects of the group’s finance portfolio, including strategy, M&A and operations.
It also said that prior to REA Group, Mr Wilson was chief financial officer and company secretary at Chandler MacLeod Group Ltd, leading the finance and M&A functions.
Mr Wilson has an extensive background as an executive leader with deep strategic and operational experience, having previously held positions with ANZ and KPMG across Australia, Asia and the UK.
Mr Wilson will start his new role on 7 January.
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