McGrath Chair, Peter Lewis said “After much consideration, the Board believes John is the ideal choice to successfully lead McGrath into its next growth phase with continued earnings for the group.
McGrath Limited (McGrath or the Company) (ASX: MEA) is pleased to announce the appointment of the Company’s founder John McGrath to the role of Managing Director and Chief Executive Officer, effective 8 April 2022.
McGrath Chair, Peter Lewis said “After much consideration, the Board believes John is the ideal choice to successfully lead McGrath into its next growth phase with continued earnings for the group. John’s passion for the business and understanding of the real estate industry is unparalleled, as is his vision and commitment to excellence in marketing, technology, customer service and transparency.
“We also wish to thank Eddie Law who has sagely guided McGrath during some challenging times, while also finalising two important business transactions and revenue streams. These include a partial sell-down of the Oxygen Home Loan business, and the $6.5 million investment in the digital start-up, Honey Insurance,” Mr Lewis concluded.
Mr. McGrath said “I have never been more excited about our business. We have an extraordinary platform and team to continue our path towards being the best residential real estate company in the country.
“With unparalleled talent and our upcoming technology advancements, I could not be more enthusiastic about our future. My plan is to continue to grow our agent productivity within our current footprint and also expand our office numbers across the East Coast”, he added.