Business

Ellis rejects REA rumours

Outgoing REA Group chief executive Greg Ellis has dismissed claims his surprise exit from the company may have anything to do with the recent departure of chief financial officer, Jenny Macdonald, according to The Australian.

Speculation of board tensions came after Mr Ellis announced his departure yesterday, just three weeks after Ms Macdonald, but the outgoing boss has labelled it mere coincidence.

It is unfortunate that there are two senior positions that have left the company in quick succession, but they are unrelated to each other, Mr Ellis told The Australian.

It’s a pure coincidence and my decision is opportunity-based — via redwolf.newsvine.com

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