SYDNEY, AUSTRALIA: McGrath Limited (ASX: MEA) introduced the appointment of the Company’s founder John McGrath to the role of Managing Director and Chief Executive Officer, efficient eight April 2022.
McGrath Chair, Peter Lewis said “After a lot consideration, the Board believes John is the ideal option to efficiently lead McGrath into its subsequent growth phase with continued earnings for the group. John’s ardour for the enterprise and understanding of the actual property industry is unparalleled, as is his imaginative and prescient and dedication to excellence in marketing, technology, buyer support and transparency.
“We additionally want to thank Eddie Law who has sagely guided McGrath all through some difficult times, whereas additionally finalising two important enterprise transactions and income streams. These include a partial sell-down of the Oxygen Home Loan business, and the $6.5 million funding inside the digital start-up, Honey Insurance,” Mr Lewis concluded.
Mr. McGrath said “I have by no means been extra enthusiastic about our business. We have an extraordinary platform and team to proceed our path towards being the best residential actual property firm inside the country. “With unparalleled expertise and our upcoming technology advancements, I couldn’t be extra enthusiastic about our future. My plan is to proceed to develop our agent productiveness inside our present footprint and additionally expand our workplace numbers throughout the East Coast”, he added.
John McGrath is taken into account one of many most influential figures inside the Australian property industry. As Founder and Executive Director of McGrath Limited, he took McGrath Estate Agents from a lounge room start-up in 1988 to one of Australia’s most profitable residential actual property groups, itemizing on the ASX in November 2015. In October 2008, John was honoured by the Real Estate Institute of NSW with the Woodrow Weight OBE Award, a lifetime achievement award for his excellent contribution to the actual property industry.
John was founding director of the REA Group and served on its Board from 1999 to January 2018, serving as Chairman from 2003-2007
Founded in 1988, McGrath Limited (ASX: MEA) has grown to be one of Australia’s most profitable residential actual property groups. An built-in actual property services business, McGrath is a complete solution firm providing firm sales, property management, mortgage broking and profession coaching services. McGrath Estate Agents currently has 108 offices located all through the East Coast of Australia.
www.mcgrath.com.au