Domain says CEO resigns just two months after listing

Published Mon, Jan 22, 2018 · 09:50 PM

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.