Wilson Steps Down as REA Group CEO After Decade of Leadership

Owen Wilson, the CEO of REA Group, has announced his retirement by the end of the year after a decade with the company and six years as its chief executive. Wilson's tenure is marked by major strategic moves including acquisitions in the Australian mortgage market and the solidifying of REA Group's position in India as a leading property marketplace. Despite a recent failed attempt to acquire U.K.-based Rightmove, Wilson emphasizes the positive future prospects for REA Group. The company's board has initiated a search for his successor, considering both internal and external candidates. Wilson, whose leadership helped navigate REA through the pandemic and establish it as a global leader in digital real estate platforms, reflects on his time with gratitude towards colleagues and stakeholders, notably with inputs from News Corp's leadership.