Domain says CEO resigns just two months after listing
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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.
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