REA CEO steps down to take role with News Corp

Company News

by Jessica Amir

REA Group (ASX:REA) has announced its CEO, Tracey Fellows is stepping down to take a role as president of Global Digital Real Estate with News Corp (News Corp owns majority ownership of REA).

Tracey has been at the helm of REA since 2014 and will leave the seat on in January 2019.

The outgoing CEO will remain on the board on behalf of News Corp, and she will also help transition her replacement after the role has been filled. 

News Corp says hiring Tracey to the role is a sign that the company is committed to growing digital real estate revenues and profits.

Shares in REA are trading 1.3 per cent higher to $76.52.

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.