The Group Chief Executive Officer and Managing Director of The Agency, Geoff Lucas, has had his contract with the company terminated.
In an announcement to shareholders, listed on the ASX this morning, The Agency said the termination was effective immediately.
“A formal recruitment process to find a suitable replacement will commence shortly,” the announcement said.
“In the interim, CEO responsibilities will be shared by Chief Operating Officer Andrew Jensen, Real Estate CEO Matt Lahood (East Coast) and Executive Director Paul Niardone (West Coast).
“The departure of the managing director and CEO will have no impact on the day-to-day operation of The Agency or its people.”
The announcement said Mr Lucas would receive payments as per his contract.
Elite Agent contacted The Agency but they declined to comment.
