Regional News

REA Group’s COO to step down as the company plans to relocate its international business

By Sabine Brix 0 Comments NEWS, Regional News

Digital real estate company REA Group has announced the resignation of its Chief Operating Officer International , Arthur Charlaftis, who will depart the company in March 2017.

The online realty group, who owns realestate.com.au. this week announced the sale of its European business which included atHome Group's  businesses in Luxembourg, France and Germany, and  Casa.it. in Italy, which Charlaftis looked after in an operational capacity.

The businesses were sold  to UK equity firm Oakley Capital Ventures with the sale to be complete in Q1 2017. Once this has occurred REA says that the majority of the group's international business will be based in Asia. For personal reasons, Charlaftis has decided not to relocate.

Arthur Charlaftis will step down as REA's Chief Operating Officer

Arthur Charlaftis will step down as REA's Chief Operating Officer

REA says it's in the process of hiring a new leader for its Asia business, with that person to be based in the region.

Tracey Fellows, REA Group CEO, commented:

"With our largest international presence now in Asia, our strategy continues to be focused on the long term growth potential in this region," she said.

"In his five years with the REA Group, Arthur transformed our sales organisation, introducing our very successful go-to market process. He has developed great relationship with customers, built a legacy of talent and has been highly influential in the industry.

"Additionally, Arthur has played an important role in the integration of our international businesses. I'd like to thank Arthur for his tremendous contribution to REA and wish him every success in the future," she said.

Charlaftis said of his tenure:

"It's been a fantastic experience and I firmly believe the business is set up for great success. I've been fortunate to work across all parts of the business and have thoroughly enjoyed my five years with REA."

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