Domain says CEO resigns just two months after listing

Sydney

AUSTRALIAN property website Domain Holdings Australia Ltd said its chief executive quit two months after listing to spend more time with his family, a move analysts called a "big surprise" as its shares tumbled to a record low.

The resignation is a setback for a company trying to convince investors it can grow in a cooling residential real estate market. Australia's once-booming home prices began to stall late last year after years of double-digit increases, just as Domain listed.