Key points
- CEO Owen Wilson to retire in the second half of 2025 after 10 years with REA and 6 years as CEO
- Board has initiated a process to select a new CEO, evaluating both internal and external candidates
- Wilson to remain with the business to ensure a smooth and orderly transition
Full summary
REA Group Ltd (ASX:REA) has announced that Chief Executive Officer (CEO) Owen Wilson has informed the Board of his intention to retire from full-time executive roles in the second half of 2025 after 10 years with REA, and 6 years as CEO. The Board of REA congratulates Mr Wilson on a dynamic and highly successful tenure as CEO, underscored by strong financial performance and transformative growth. The Board has initiated a comprehensive process to select a new CEO, evaluating both internal and external candidates. Mr Wilson will remain with the business to ensure a smooth and orderly transition. Mr Wilson expressed his gratitude for the opportunity to lead REA Group and highlighted the company's exciting future. REA Group Chairman, Hamish McLennan, and News Corp CEO, Robert Thomson, both praised Mr Wilson's outstanding leadership and contribution in building REA into a global leader in digital property platforms.