Property TV
Login Register
Follow Us:
  • Home
  • Property News
  • Leaders
  • Properties
  • About
Latest: arrow arrow Coffs Harbour - ep2 2021 PropTech Awards Frank Sorrentino Adam Woods Coffs Coast Episode 1

24

March, Friday

Post image

Sponsored Message

Realestate.com.au CEO steps down for Global roll

15 November, 2018
Stephen Sharry

Tracey Fellows, The CEO of Realestate.com.au, will step down from her role in January 2019 and take up the position of President of News Corp digital real estate in New York.

Fellows has been at the helm of REA for four years and has seen a huge increase in the share price from around $45 to a high of $90 in May 2018 down to $76.33 today. In August Fellows sold $911,000 worth of shares resulting in a drop of $2.56 in the share price.

The share price will no doubt be under review today with this announcement.

In a statement to the ASX, Robert Thomson, News Corp’s CEO, said: “Tracey has driven the rapid expansion of the digital real estate business in Australia and Asia and we believe her leadership internationally will ensure that all of our digital property companies realise their extraordinary potential. She is an inspiring leader who is able to bring out the best in teams and in individuals.

 “Audiences, revenue and profits at REA Group have all expanded significantly during Tracey’s tenure as CEO. She has been an irrepressible innovator and has led the company into intelligent adjacencies, such as financial services and property data, which have broadened the revenue base and built a platform for future growth.”

Fellows will continue to serve on the REA board on behalf of News Corp.

Chairman of the REA group board of directors Hamish McLennan added: “REA Group has seen exceptional transformation and growth since Tracey took the helm in 2004. She has the extraordinary ability to harness the power of people, technology and data and has built strong cultural and operational foundations that will drive our growth into the future.

“The board and I are enormously grateful to Tracey for all she has done and wish her every success in her exciting new role and look forward to continuing to work with her.”

On her time at REA, Fellows said working with the team and the board has been an “absolute privilege.”

“It’s one of the exiting things about the opportunity; it allows me to take on a new challenge while continuing to work alongside these incredible people – all in an industry I am so passionate about. I feel very fortunate. There could not be a more exciting time for a role like this.”

Stephen Sharry

Stephen Sharry is the Executive Editor for the Switch Media Group

Sponsored Message

 

Most Popular
  • Coffs Harbour - ep2

    pTV Editor 23 June, 2021

    In episode two of Regional TV Coffs Coast, Bruce tours the local sites in Sawtell and discovers a few interesting locals,…...

  • 2021 PropTech Awards

    pTV Editor 13 June, 2021

    The inaugural PropTech Awards, sponsored by Ashurst and streamed LIVE by Property TV....

  • Frank Sorrentino

    Michael Stoler 21 May, 2021

    ConnectOne Bank, founded by chairman and CEO, Frank Sorrentino and other civic minded business leaders, named one of the Best Performing Community Banks…...

Sponsored Message

Latest
recent post
Mar 24, 2023

Binge on Property TV

read the article

recent post
Mar 24, 2023

Airbnb's Entry into Property Management

read the article

recent post
Mar 24, 2023

Are home buyers fleeing Australian capital cities?

read the article

recent post
Mar 24, 2023

Home Loan Values Hit Pre GFC

read the article

Sponsored Message

Property TV

The first and only streaming platform for property

Property TV Show Highlights
Property News
  • Binge on Property TV
    pTV Editor
    Looking for some informative property content to watch? We have so much for y
  • Are home buyers fleeing Australian capital cities?
    Lauren Staley
    As Melbourne progresses towards COVID-normal, what’s clear is that we need
  • Rip Curl Founder Buys $22m Byron Bay Home
    pTV Editor
    Earlier this year, Michael Coombs of LJ Hooker Avnu, sold Geoff Morgan's home
  • Home Building Will End The Recession
    pTV Editor
    “The surge in demand for new detached homes will he
  • iBuyer Market Share Set to Drop By Half in 2020
    Mike DelPrete
    Mike DelPrete is a global real estate tech strategist and scholar-in-reside
  • Holiday Homes Becoming Full-Time Residences
    pTV Editor
    More U.S. Second-Home Locations Becoming Full-Time Residences Lake Tahoe, th
Recent News
  • Binge on Property TV
  • Airbnb's Entry into Property Management
  • Are home buyers fleeing Australian capital cities?
  • Home Loan Values Hit Pre GFC
  • Rip Curl Founder Buys $22m Byron Bay Home
  • Home Building Will End The Recession
Sponsored By

24

March 2023, Friday

  • Home
  • Contact us
  • Privacy
  • Terms of Service
  • Story Request
  • Our Presenters
  • Advertising
  • LIVE Streaming Services
Copyight © 2018 Property TV - pTV

Rating