New PEXA CEO – Glenn King

Experienced former banking executive and senior public servant Glenn King has been appointed the new Chief Executive Officer of eConveyancing leader Property Exchange Australia (PEXA), replacing founding CEO Marcus Price who is stepping down after almost a decade in the role.

PEXA Chairman Alan Cameron said the board was delighted that Mr King – most recently the NSW Customer Service Commissioner and Secretary of the NSW Government’s Department of Customer Service – had accepted the role.

The appointment, which followed an extensive search process over several months that assessed a strong field of external and internal candidates, is effective from mid-November.

Mr Cameron said the appointment of Mr King, who is known for his ability to lead staff, build great businesses and put customers at the heart of decision-making, would reinforce PEXA’s commitment to delivering efficiencies to the property industry and Australian homebuyers and sellers.

“Cultural alignment was a critical component in our decision and Glenn shares our commitment to supporting and developing our people while driving a member-first ethos across the business,” Mr Cameron said.

“Marcus and I watched Glenn’s work in the banking sector and most recently in NSW and admired his ability to champion the interests of NSW’s residents while also developing a strong and collaborative customer and delivery orientated culture. This style of leadership is very much aligned to PEXA.”

Mr King has spent several years as a senior public servant in the NSW Government including time spent creating and leading the successful Premier’s Implementation Unit.

Before joining Government, Mr King held senior executive roles across the National Australia Bank group of companies and served as an executive at Save the Children.

Mr Cameron said Mr Price had been an outstanding CEO and the Board was grateful for the significant contribution he had made to the business since becoming the inaugural CEO in 2010.

“Marcus has been an inspirational and transformative leader,” Mr Cameron said. “From the beginning, Marcus believed in the importance of delivering a safer and more efficient means of transacting property and that’s exactly what he’s done, with more than half of all property transactions nationally now completed online.

“Marcus has an exemplary knack for uniting people behind a vision and has mentored a new generation of leaders. PEXA is a great business because of his leadership, and his endorsement of Glenn as a suitable successor was critical in our decision-making.”

Mr Price will continue with the business until late 2019 to ensure an orderly transition to the new CEO.

Ends

For further information, please contact:

Jo Waldon, Corporate Affairs and Media, PEXA

M: 0402 252 559

E: Jo.Waldon@pexa.com.au

OR

Clive Mathieson, Cato & Clegg

M: 0411 888 425

E: Clive@catoandclegg.com