Mr Wilson’s departure comes after a decade with REA Group, including six years as CEO, during which the company has seen significant growth and financial success.
The Board has initiated a comprehensive selection process to evaluate both internal and external candidates for his replacement.
The announcement coincides with strong company results, highlighting Mr Wilson’s successful leadership in transforming REA into a global leader in property technology.
Under his guidance, REA Group has strengthened its position as one of Australia’s premier technology companies.
“It has been a privilege to lead REA Group for the past six years and I am proud of all our team has accomplished,” Mr Wilson said.
“The business is in excellent shape as evidenced by the results we have announced today.
“We have an exciting strategy and a talented and committed team to deliver it.”
REA Group Chairman, Hamish McLennan, praised Wilson’s contribution to the company’s growth and success.
“His stellar leadership leaves the company exceptionally well positioned and REA is one of the best home-grown technology companies which has flourished into being a global leader,” Mr McLennan said.
The transition process will be managed carefully, with Mr Wilson remaining in his role to ensure a smooth handover to his successor.
News Corp CEO Robert Thomson said Mr Wilson has had a huge impact on the company’s culture and success.
“Owen has shown extraordinary leadership in building a global success story at REA, which has become the gold standard for digital platforms,” Mr Thomson said.
“He has fashioned a dynamic, talented team and cultivated a competitive, empathetic culture.”
Mr Wilson will complete nearly six years as CEO when he departs, having overseen significant technological advancements and market expansion during his tenure.
“REA’s future is undeniably exciting,” Mr Wilson said.
“I would also like to thank the REA Board, Robert Thomson, and Lachlan Murdoch for entrusting me with such a great company and incredible business.”
