Domain CEO Jason Pellegrino is stepping down after six years.
He will continue in the role for three to six months while a replacement is found.
“It has been an honour to serve as the CEO of Domain and to work alongside an exceptionally talented group of people right across the organisation,” said Pellegrino.
“With the company in a strong financial position and the property market in a robust state, now is the appropriate time to initiate this change. In the meantime, I remain committed to the company and supporting my successor with a smooth transition.”
Matt Stanton, the acting CEO of NIne, a major shareholder in Domain, thanked Pellegrino for his leadership.
“As the latest financial results show, Domain has grown steadily and has a highly promising pipeline of innovation,” he said.
“Jason has also been instrumental in cultural transformation, overcoming historical challenges to create an environment that is positive and rewarding for staff.”
Domain in August announced full-year revenue of $391.1 million, up 13%. Net profit after tax was $42.4 million.
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