Greg Roebuck, the Managing Director, CEO and co-founder of carsales.com Ltd
(ASX:CAR) has announced he will retire from the company.
Carsales.com will replace him with Cameron McIntyre, currently the company’s Chief Operating Officer, effective 17 March 2017.
In his new roles as Managing Director & CEO, Mr McIntyre will be paid an annual salary of $1.27 million per annum (including super) plus bonuses.
Carsales began as a loss-making start-up back in 1997 and has risen to become an ASX top 100 business with a market cap of $2.7 billion.
Carsales.com posted a net profit of $114 million at 30 September 2016.
