PEXA Group announces retirement of Group MD and CEO, Glenn King
By PEXA - 21 August 2024
Melbourne, Australia: PEXA Group Limited (PEXA, the Company, or the Group) today announced the intention of the Group Managing Director and Chief Executive Officer Glenn King to retire by the end of FY24-25 – after a very successful five years with the ASX-listed digital property exchange platform and property insights solutions business.
Group Chair Mark Joiner said: “Mr King will continue to lead the PEXA Group and oversee its strategic and financial priorities until a successor is appointed, ensuring an orderly transition to new leadership. The Board is advanced in its CEO succession planning process.”
Mr King joined the PEXA Group in November 2019 after more than 30 years as a banking executive and public service leader. During his time with PEXA, he had a substantial impact on the Group – leading the IPO in 2021; orchestrating the entry into the UK; diversifying the reach into the property sector; and expanding the network coverage in Australia as a secure and robust world-leading property exchange.
“On behalf of the Board of Directors, I wish to extend our sincere gratitude to Glenn for his passionate stewardship of our Company,” Mr Joiner said.
“On a personal note, Glenn has been an incredible partner and an inspiring leader for the PEXA Group Executive and our employees. His passionate advocacy for excellence in customer experience and his commitment to cultural excellence and purpose are matched by his commercial and strategic acumen.
“Glenn has taken what was a narrowly focused PEXA Exchange service in Australia and spearheaded its diversification over the course of the past five years.”
“We look forward to celebrating Glenn’s many accomplishments as his formal retirement date nears. Until then, the Board, Glenn and the leadership team are focused on executing on our growth strategy.”
On his retirement announcement, Mr King said: “Leading the PEXA Group is and has been, a unique privilege and one of which I am enormously proud.
“I continue to be humbled by the richness of talent that we have here at PEXA and our dedication to our purpose of connecting people to place. Every day we are working with our customers to make the home buying and selling transaction smooth, painless and secure. We have worked hard to deliver our world-class solutions to new markets, starting with the UK.”
“Importantly we are working with stakeholders, including government, with data solutions, that can help unlock capital for the betterment of the community. Contributing to important issues such as housing affordability and homelessness and supporting the next generation of gender diverse tech talent have also been highlights for me.”
“I look forward to continuing to lead the Group over this next period, working with Mark, the Board, and my Executive team. I would like to take this opportunity to thank Mark for his partnership and Directors for their incredible support of me.”
“On a personal note, after close to 40 years working with wonderful and committed people, I am excited about spending more time with my loving family and pursing interests where I can continue to make a positive contribution.
About Glenn King
Before joining PEXA in late 2019 Glenn was a senior public servant in the New South Wales (NSW) Government, including Secretary of NSW’s Customer Service Department, inaugural CEO of the award-winning Service NSW, NSW Customer Service Commissioner and Deputy Secretary of Department Premier and Cabinet. During Glenn’s tenure, he counselled Premiers and Ministers on policy execution focussed on the citizen imperative and led organisations with over 5,000 employees and operating budgets in excess of $3.0 billion. The work of his government agencies was recognised through numerous international and national awards for customer innovation and employee engagement. Glenn was
appointed a Fellow of the Institute of Public Administration Australia for outstanding contribution to study or practice of public administration and continues to be regularly sought out as a thought leader in customer digital transformation.
Prior to his public service, Glenn had a successful international career in Financial Services. Over a 25-year period he held C-Suite positions in Banks owned by the National Australia Group operating in England, Scotland, Northern Ireland, Australia, and New Zealand. His early career was in the life insurance, investments, and pensions sector with both the National Mutual and AXA Groups.
Glenn has been an Executive at Save the Children Australia and held numerous Business Advisory and Community Board roles, including more recently the Melbourne Business School Centre for Business Analytics Industry Advisory Board.
-ends-
Investors:
Hany Messieh
General Manager, Investor Relations
M: +61 414 446 876
E: Investors@pexa.com.au
Media:
Kate Prigg
Manager, Corporate Affairs
M: +61 497 595 580
E: CorporateAffairs@pexa.com.au
About PEXA Group
PEXA Group is a world-leading ASX-listed digital property exchange platform and property insights solutions business. The PEXA Group of companies, including: .id (Informed Decisions), Value Australia and Land Insight, also delivers a new generation of data solutions that empower businesses and governments to make more informed property and place-related decisions. PEXA Exchange is the leading digital property settlements platform in Australia. PEXA is a licenced operator of Australia’s largest Electronic Lodgement Network (the PEXA Exchange). Since 2013, PEXA has facilitated more than 20 million property settlements through the PEXA Exchange in Australia, with 89% market reach, and in 2022 PEXA launched in the UK.
The Exchange facilitates the lodgement and settlement of property transactions across State Revenue Offices, Land Registries, practitioners, conveyancers and financial institutions, through an integrated digital platform, now operating in most Australian jurisdictions (excluding the Northern Territory).