First National Real Estate has today announced that Chief Executive Officer, Ray Ellis, will step down from his role at the industry’s largest cooperative brand, where he has been recognised for his abilities to innovate.
Mr Ellis has successfully guided the firm through the impacts of the Global Financial Crisis, multiple real estate industry policy changes, and the COVID pandemic, which the organisation emerged from in a strong financial position.
Mr Ellis will be assisting the company and not-for-profit cooperative’s board of directors with its transition to a new CEO.
Speaking on behalf of First National Real Estate Chairman Rob Westwood said, “The board expresses its sincere gratitude to Mr Ellis for his unwavering commitment and impactful leadership”.
“Under his guidance, First National Real Estate has achieved numerous milestones and has firmly established itself as a frontrunner in the real estate industry.
“His tenure has been marked by a series of strategic successes that have significantly enhanced the company’s market presence and financial strength.
“As we navigate this transition, First National Real Estate remains steadfast in its vision for the future and will announce the next CEO imminently.”
First National Real Estate’s board is confident the solid foundation laid over the past two decades positions First National Real Estate well for continued success and growth, and is committed to upholding the company’s legacy while driving innovation and strategic expansion.
“We are committed to continuing to serve our members and our clients in this ever-changing market landscape,” Mr Westwood said.
“As such, we look forward to a seamless transition as well as a robust future under new leadership.”