REA Group CEO Tracey Fellows is exiting the real estate business to take on a new role with News Corp in New York.
Fellows will become president of global digital real estate with News Corp as of January 2019.
News Corp global CEO Robert Thomson credited Fellows with driving the rapid expansion of REA Australia and Asia.
“We believe her leadership internationally will ensure that all of our digital property companies realise their extraordinary potential. She is an inspiring leader who is able to bring out the best in teams and in individuals," he said.
“Audiences, revenue and profits at REA Group have all expanded significantly during Tracey’s tenure as CEO. She has been an irrepressible innovator and has led the company into intelligent adjacencies, such as financial services and property data, which have broadened the revenue base and built a platform for future growth.”
Fellows, who has been at the business for four years, will continue to serve on the REA board on behalf of News Corp.
REA Group chairman Hamish McLennan thanked Fellows for her contribution to the business.
“REA Group has seen exceptional transformation and growth since Tracey took the helm in 2004. She has the extraordinary ability to harness the power of people, technology and data and has built strong cultural and operational foundations that will drive our growth into the future," he said.
REA Group is now left without a CEO and CMO, following the earlier departure of Kieren Cooney. Her depature comes as REA Group’s EGM of media and content Libby Minogue departed the business in August. All three roles are currently vacant.
“It’s one of the exiting things about the opportunity; it allows me to take on a new challenge while continuing to work alongside these incredible people – all in an industry I am so passionate about. I feel very fortunate. There could not be a more exciting time for a role like this," Fellows said.
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