Leadership transition at Domain Holdings

Domain Holdings Australia (ASX:DHG) has announced that CEO Jason Pellegrino will step down after six years. He will stay on for three to six months to ensure a smooth transition. The company has initiated a search for his successor.

Summary of Domain Holdings leadership transition

Domain Holdings Australia has announced the resignation of CEO Jason Pellegrino after six successful years. Pellegrino will continue in his role for up to six months to ensure a seamless transition. Under his leadership, the company evolved into a technology-driven property marketplace and strengthened its competitive position. The board, with Chair Nick Falloon, acknowledged Pellegrino's transformative impact on the company. Domain is in a strong position with a promising project pipeline, preparing for future growth. The search for a new CEO has begun, and shareholders will be updated accordingly.

Executive commentary on leadership change

Under Mr. Pellegrino's leadership, Domain transformed from a media-led classifieds business into a technology-driven property marketplace. The company is now in a strong financial and operational position, with a robust digital infrastructure that enhances its competitive edge in the property ecosystem. Mr. Pellegrino has been credited with steering the company through challenging periods, including the COVID-19 crisis, and significantly improving its organizational culture.' 'The Board, led by Chair Mr. Nick Falloon, expressed gratitude for Mr. Pellegrino’s contributions, highlighting his role in cultural transformation and innovation. With a promising pipeline of projects, the company is well-positioned for future growth. The search for Mr. Pellegrino’s successor is underway, with updates to be provided to shareholders in due course.