REA Group (ASX:REA) has announced Owen Wilson will replace Tracey Fellows as CEO.
Ms Fellows is stepping down to become President, Global Digital Real Estate, News Corp from next year.
Mr Wilson joined REA in 2014 as CFO and has been responsible for all aspects of the Group's finance portfolio including strategy, M&A and operations.
Chairman of REA Group, Hammish McLennan says Mr Wilson has played a critical role in the company's growth and has a deep understanding of the company and its long-term strategy.
Shares in REA Group (ASX:REA) are trading 2.1 per cent lower at $72.53.