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REA Group CEO Owen Wilson has informed the REA board of his intention to retire from full-time executive roles in the second half of 2025, the group confirmed through the ASX.
Wilson has been with REA Group for the last decade and served as the group’s CEO for six years.
“The board of the REA congratulates Mr Wilson on a dynamic and highly successful tenures as CEO underscored by strong financial performance and transformative group,” the group said in the ASX release.
The REA board has confirmed that it has initiated a comprehensive process to choose a new CEO and is evaluating both external and internal candidates.
Wilson is set to remain with REA Group to ensure a “smooth and orderly transition”.
Wilson said: “It has been a privilege to lead REA Group for the past six years and I am proud of all our team has accomplished.
“The business is in excellent shape as evidenced by the results we have announced today. We have an exciting strategy and a talented and committed team to deliver it. I want to thank them wholeheartedly for all the tremendous support I have received over the years.
“REA’s future is undeniably exciting. I would also like to thank the REA Board, Robert Thomson, and Lachlan Murdoch for entrusting me with such a great company and incredible business.”
REA Group chairman Hamish McLennan said: “After more than 10 glorious years at REA Group, Owen has decided to retire.
“His stellar leadership leaves the company exceptionally well positioned and REA is one of the best home-grown technology companies which has flourished into being a global leader.
“Our board and staff sincerely thank Owen for his contribution in building an incredible organisation under his outstanding leadership.”
News Corp CEO Robert Thomson said: “Owen has shown extraordinary leadership in building a global success story at REA, which has become the gold standard for digital platforms.
“He has fashioned a dynamic, talented team and cultivated a competitive, empathetic culture. Owen’s positive influence will resonate for many years to come.”
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