Fairfax Media has announced former employee Antony Catalano as the new CEO of its real-estate business Domain.
Mr Catalano founded Metro Media Publishing in 2010, of which real estate magazine The Weekly Review was a part.
In 2012, Fairfax Media purchased a 50 per cent stake in the business, which since then has been responsible for sales of Domain in Melbourne.
Mr Catalano said he saw great potential in Domain, and wanted to take the website to the next level.
“Domain continues to go from strength to strength,” Mr Catalano said.
“The number of real estate agent offices on Domain grew 21 per cent during the financial year and investment in mobile apps has paid off with very strong performance.
“We have exposure to more than $300 million of real estate-related revenue, and we have the brand, the expertise and the commitment to continue to build the business.”
He said the website had a cross-platform presence which was unrivalled in Australia, and he hoped to capitalise on that.
“Domain has particular strength in its digital and mobile applications, where our products are the best in the industry,” he said.
“Domain has the unique ability to bundle quality print and digital assets that represent the best offer in the industry.”