New REA CEO Cameron McIntyre to Earn $2M Plus Incentives Starting November

Leadership Transition at REA Group

REA Group Ltd (ASX, REA), a dominant player in digital property advertising, has announced a significant leadership change with the appointment of Cameron McIntyre as its new Chief Executive Officer, effective 3 November 2025. McIntyre will succeed Owen Wilson, who has decided to retire from full-time executive roles after nearly 11 years with the company, including over six years as CEO.

A Proven Digital Marketplace Leader

McIntyre arrives with a formidable track record, having led CAR Group Limited, owner of carsales.com.au, as Managing Director and CEO for nine years. Under his leadership, CAR Group expanded more than sixfold, delivering strong shareholder returns and transforming the business into a global digital marketplace powerhouse. His extensive experience in digital technology, advertising, and operational management aligns closely with REA’s strategic ambitions.

Strategic Continuity and Growth Outlook

REA Group Chairman Hamish McLennan highlighted McIntyre’s unique fit for the role, noting his deep understanding of digital marketplaces and his proven ability to enhance customer value and innovate consumer experiences. McIntyre himself expressed enthusiasm about joining REA, praising its market-leading brands, culture of innovation, and growth potential. His appointment signals REA’s intent to build on its strong momentum and pursue further international and product expansion.

Transition and Remuneration Details

Owen Wilson will remain CEO until 31 October 2025 to ensure a smooth handover and will then take on the role of Chair of REA India Pte. Ltd, reflecting REA’s ongoing commitment to its international ventures. Wilson’s transition package includes a nine-month fixed remuneration payment in exchange for an extended restraint period, alongside participation in short-term incentive arrangements.

McIntyre’s remuneration package includes a $2 million fixed annual salary, an 85% target short-term incentive, and a long-term incentive plan subject to shareholder approval. Additionally, he will receive a sign-on award to compensate for foregone incentives from his previous employer, combining cash and performance rights tied to REA’s share performance.

Looking Ahead

This leadership change comes at a pivotal time for REA Group as it continues to diversify its portfolio across property technology services domestically and internationally. McIntyre’s appointment is expected to bring fresh strategic perspectives while maintaining the company’s core values and innovative culture.