REA Group has appointed the former head of ANZ’s Asian retail banking business as its new chief executive.
Owen Wilson, who is currently chief financial officer, will replace Tracey Fellows in January when she moves to New York to become president of majority owner News Corp’s international digital real estate unit.
Mr Wilson, who spent 15 years at ANZ and has also held senior roles at KPMG and Chandler MacLeod, has been chief financial officer since 2014.
‘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,’ REA Group chairman Hamish McLennan said in a statement on Tuesday.
Mr Wilson, who starts his new role on January 7, said he aimed to continue REA Group’s growth.
‘REA Group is in a strong position,’ he said.
‘My priority is to ensure we continue to drive value for our customers and consumers in Australia and Asia.’
News Corp owns 61.6 per cent of REA Group.
Its digital real estate earnings have doubled since 2013, making it the largest contributor to the media giant’s profitability in the last financial year.
REA Group shares were down 2.7 per cent at $72.09 at 1105 AEDT on Tuesday.