AUS
NZ
UK
CA
USA
IND
Highlights
- PEXA appoints Russell Cohen as the new CEO, effective March.
- Glenn King to step down in February, transitioning into an advisory role.
- PEXA targets growth in the UK market following its expansion.
Online property settlements leader PEXA (ASX:PXA) has announced the appointment of Russell Cohen as its next Chief Executive Officer, succeeding Glenn King. This leadership transition is set to take place in March, positioning the company for its next phase of growth.
The outgoing managing director and CEO, Glenn King, will step down on February 28, following the release of the company's half-year results. To ensure a smooth transition, King will continue to provide guidance in an advisory capacity until the end of June. During the interim period, PEXA’s Chief Financial Officer, Scott Butterworth, will take on the role of Acting Group Managing Director and CEO for the month of March. Russell Cohen’s official appointment as CEO will take effect on March 31.
Cohen, who brings extensive experience in technology and operations, is currently the Group Managing Director of Operations at Grab, a leading technology platform. His career also includes senior leadership roles at SoftBank Group, where he honed his skills in managing and scaling platform-driven businesses.
PEXA Chair Mark Joiner highlighted the thorough process undertaken to appoint Cohen, describing him as a dynamic leader with the expertise needed to navigate complex, growing markets. Joiner noted Cohen’s proven ability to scale operations and strengthen platform businesses, qualities that align closely with PEXA’s growth strategy.
PEXA has been strategically expanding its footprint beyond the Australian market, entering the UK last year through its acquisition of Smoove. The move marked the company’s first international expansion, targeting the fragmented UK conveyancing sector. With its digital property settlement solutions, PEXA aims to streamline operations in the UK’s property transaction market and enhance efficiencies.
The leadership transition comes at a pivotal time for PEXA, as the company seeks to solidify its position domestically while pursuing international opportunities. The company remains focused on building operational scale in new markets while continuing to deliver innovative solutions within the property sector.
As Cohen prepares to take on his new role, PEXA is poised for continued growth and development in both its established and emerging markets.
