As rumoured and reported in December, the REA Group's former CEO and Managing Director, Greg Ellis, has landed the role of CEO of the Scout24 Group in Germany. This group includes the Immoscout24 property portal based in Berlin, Germany.
Ellis has already left the REA Group and Peter Tonagh has been appointed as the interim CEO while the Board continues its search for his replacement.
Ellis is expected to start his role as Scout24 Group CEO in the first half of this year. It is rumoured that he will, rather surprisingly, be based in London while the rest of the Scout24 Group's operations are in Germany.
It has been reported that, as CEO of the Scout24 Group, Ellis wants to accelerate the growth of the online platforms for recruitment, real estate and automobile ads.
In November, the private equity firm Hellman and Friedman purchased 70% of the Scout24 Group from Deutsche Telecom.