PEXA Group announces leadership transition

PEXA Group (ASX:PXA) has announced the appointment of Russell Cohen as their new Group Managing Director and Chief Executive Officer, effective March 31, 2025. Cohen, currently at Grab, will succeed Glenn King, who has been at the helm since 2019. King will step down on February 28, 2025, with Scott Butterworth acting as interim CEO in March.

PEXA's strategic direction and future outlook

PEXA Group has announced a significant leadership transition with the appointment of Russell Cohen as the new CEO, effective March 2025. Cohen, with his extensive experience at Grab and other tech companies, is expected to steer PEXA towards strategic growth and expansion. The company aims to leverage its core strengths in digital solutions to create sustainable value, while maintaining its leadership in the property exchange market. Cohen's appointment comes after a thorough selection process, highlighting PEXA's commitment to innovation and market leadership. The transition period will see Glenn King stepping down in February, ensuring a smooth handover with Scott Butterworth as interim CEO. This change aligns with PEXA's ambitions to expand its capabilities and enhance shareholder value under new leadership.

Executive commentary on leadership change

I am delighted to join PEXA at this exciting time in its journey. PEXA has a strong track record of innovation, and I look forward to working with the team to drive the next phase of growth, delivering value to our shareholders and stakeholders.