{"id":37919,"date":"2022-04-08T12:59:34","date_gmt":"2022-04-08T00:59:34","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=37919"},"modified":"2022-04-08T12:59:34","modified_gmt":"2022-04-08T00:59:34","slug":"john-mcgrath-back-at-the-helm-of-mcgrath","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/john-mcgrath-back-at-the-helm-of-mcgrath\/","title":{"rendered":"John McGrath back at the helm of McGrath"},"content":{"rendered":"

PHOTO: John McGrath. FILE<\/strong><\/p>\n

The ASX-listed network has appointed the company\u2019s founder to once again lead the business as CEO and managing director.<\/p>\n

Mr McGrath\u2019s appointment comes on the heels of the announcement of the departure of current CEO Eddie Law, who\u00a0tendered his resignation\u00a0at the beginning of February. Mr Law served in the role since taking over from\u00a0Geoff Lucas in August 2020, who himself had been in the role for\u00a0just over two years.<\/p>\n

McGrath Chair, Peter Lewis said the board had put a substantial amount of consideration into the search for a new CEO, and felt that Mr McGrath was \u201cthe ideal choice to successfully lead McGrath into its next growth phase with continued earnings for the group\u201d.<\/p>\n

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\u201cJohn\u2019s passion for the business and understanding of the real estate industry is unparalleled, as is his vision and commitment to excellence in marketing, technology, customer service and transparency,\u201d Mr Lewis said.<\/p>\n

On his part, Mr McGrath said he had never been more excited about the business.<\/p>\n

\u201cWe have an extraordinary platform and team to continue our path towards being the best residential real estate company in the country,\u201d Mr McGrath said.<\/p>\n

\u201cWith unparalleled talent and our upcoming technology advancements, I could not be more enthusiastic about our future. My plan is to continue to grow our agent productivity within our current footprint and also expand our office numbers across the East Coast,\u201d he added.<\/p>\n

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Mr Lewis thanked outgoing CEO Mr Law for his contribution to the company.<\/p>\n

\u201cWe also wish to thank Eddie Law who has sagely guided McGrath during some challenging times, while also finalising two important business transactions and revenue streams. These include a\u00a0partial sell-down of the Oxygen Home Loan business, and the $6.5 million investment in the digital start-up, Honey Insurance,\u201d Mr Lewis noted.<\/p>\n

The company has just embarked on 12-month a\u00a0share buyback program, allocating\u00a0 $2.5m for the reinvestment.<\/p>\n

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