{"id":27019,"date":"2020-08-24T17:39:50","date_gmt":"2020-08-24T05:39:50","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=27019"},"modified":"2020-08-24T17:39:50","modified_gmt":"2020-08-24T05:39:50","slug":"mcgrath-ceo-resigns-successor-appointed","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/mcgrath-ceo-resigns-successor-appointed\/","title":{"rendered":"McGrath CEO resigns, successor appointed"},"content":{"rendered":"<p><strong>PHOTO: Geoff Lucas &#8211; McGrath<\/strong><\/p>\n<p>McGrath Limited\u2019s chief executive officer has revealed he is moving on from his role at the real estate giant, with the Board announcing his successor following the release of the company\u2019s FY2020 financial report.<\/p>\n<p><a href=\"https:\/\/www.google.com\/url?client=internal-element-cse&amp;cx=007736748303843525207:i95wheizs-a&amp;q=https:\/\/propertynoise.co.nz\/au\/new-mcgrath-ceo-revealed\/&amp;sa=U&amp;ved=2ahUKEwjqvfmSkLPrAhVxyDgGHUMeBL4QFjACegQIBxAC&amp;usg=AOvVaw1u3DQ4kwhsaWs_BRFHy8pU\">Geoff Lucas<\/a> said it had been pleasing to lead the McGrath team \u201cthrough a period of regenerating the McGrath business\u201d.<\/p>\n<p>\u201cThe turnaround marks a new beginning for the company.\u201d<\/p>\n<p>According to its full-year ASX announcement, revenue for the McGrath company is up 11 per cent to more than $90 million in FY2020.<\/p>\n<p>With an increased market share and the successful acquisition of four company owned offices over the course of the year, the real estate household name revealed a strong balance sheet for the 12-month period to June 30, reporting $17.3 million cash and no debt.<\/p>\n<p>He said with the business now in a strong financial position to navigate through the uncertainty of the current environment, the now former CEO said \u201cit is now time to hand the business to refreshed leadership to continue successfully into the future\u201d.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.realestatebusiness.com.au\/breaking-news\/20345-mcgrath-ceo-resigns-successor-appointed?utm_source=RealEstateBusiness&amp;utm_campaign=24_08_2020&amp;utm_medium=email&amp;utm_content=1&amp;utm_emailID=&amp;lt;&amp;lt;Email%20ID&amp;gt;&amp;gt;\">REB<\/a><\/p>\n<h3 class=\"widget-title\"><span class=\"accent-typo\">MOST POPULAR<\/span><\/h3>\n<ul class=\"widgets-list-layout no-grav\">\n<li><a class=\"bump-view\" title=\"Bob Hawke left NOTHING to his three children in his multi-million dollar will\" href=\"https:\/\/propertynoise.co.nz\/au\/bob-hawke-left-nothing-to-his-three-children-in-his-multi-million-dollar-will\/\" data-bump-view=\"tp\"><img decoding=\"async\" class=\"widgets-list-layout-blavatar lazyload\" data-src=\"https:\/\/i2.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2020\/08\/Bob-Hawke-1.jpg?fit=964%2C511&amp;ssl=1&amp;resize=40%2C40\" alt=\"Bob Hawke left NOTHING to his three children in his multi-million dollar will\" width=\"40\" height=\"40\" data-pin-nopin=\"true\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 40px; 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--smush-placeholder-aspect-ratio: 40\/40;\" \/><\/a>\n<div class=\"widgets-list-layout-links\"><a class=\"bump-view\" title=\"The Australian towns where houses typically sell for less than $80,000 - and that's AFTER a price surge\" href=\"https:\/\/propertynoise.co.nz\/au\/the-australian-towns-where-houses-typically-sell-for-less-than-80000-and-thats-after-a-price-surge\/\" data-bump-view=\"tp\">The Australian towns where houses typically sell for less than $80,000 &#8211; and that&#8217;s AFTER a price surge<\/a><\/div>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: Geoff Lucas &#8211; McGrath McGrath Limited\u2019s chief executive officer<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/mcgrath-ceo-resigns-successor-appointed\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":23887,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478106801,478099114,478098635,478098513,478101743,478099125,478098579,478098510,478098514,478098511,478098705,478098533,478098921,478098509,478111058,478098618],"class_list":["entry","author-data123nz","post-27019","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-geoff-lucas","tag-mcgrath-limited","tag-mcgrath-real-estate","tag-property","tag-property-correction","tag-property-crash","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-franchise","tag-real-estate-news","tag-sx-announcement","tag-sydney-property"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>McGrath CEO resigns, successor appointed - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/mcgrath-ceo-resigns-successor-appointed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"McGrath CEO resigns, successor appointed - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: Geoff Lucas &#8211; McGrath McGrath Limited\u2019s chief executive officerRead More &rarr;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/propertynoise.co.nz\/au\/mcgrath-ceo-resigns-successor-appointed\/\" \/>\n<meta property=\"og:site_name\" content=\"Property News Australia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/PropertyNoiseNZ\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-24T05:39:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i2.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2020\/02\/McGrath-CEO-Geoff-Lucas.jpg?fit=850%2C400&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"850\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Property Noise Group\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@propertynoisenz\" \/>\n<meta name=\"twitter:site\" content=\"@propertynoisenz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Property Noise Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/mcgrath-ceo-resigns-successor-appointed\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/mcgrath-ceo-resigns-successor-appointed\\\/\"},\"author\":{\"name\":\"Property Noise Group\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#\\\/schema\\\/person\\\/175c8981af50e593000aa8ad7aab9d84\"},\"headline\":\"McGrath CEO resigns, successor appointed\",\"datePublished\":\"2020-08-24T05:39:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/mcgrath-ceo-resigns-successor-appointed\\\/\"},\"wordCount\":300,\"commentCount\":3,\"publisher\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/mcgrath-ceo-resigns-successor-appointed\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2020\\\/02\\\/McGrath-CEO-Geoff-Lucas.jpg\",\"keywords\":[\"australia\",\"Australians\",\"Geoff Lucas\",\"McGrath Limited\",\"Mcgrath real estate\",\"property\",\"property correction\",\"property crash\",\"property market\",\"Property News\",\"propertynoise\",\"real estate\",\"real estate agency\",\"real estate agent\",\"real estate franchise\",\"Real Estate News\",\"SX announcement\",\"Sydney property\"],\"articleSection\":[\"Australian Property &amp; 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