News Corp Chief Financial Officer Susan Panuccio has been appointed to the REA Group Board as nominee of News Corp Australia effective today, 22 March 2016.
Panuccio's appointment follows the resignation of Board Director Peter Tonagh, formerly News Corp Australia Chief Executive Officer.
Tonagh, who recently accepted the role of Chief Executive Officer for Foxtel, was originally appointed to the REA Group Board as nominee majority shareholder of News Corp in November 2013.
REA Group Chairman Hamish McLennan says Tonagh has played a pivotal role at REA Group, not only through the delivery of his Board responsibilities, but in his capacity as Interim CEO in 2014.
"Peter’s exceptional strategic and financial skills and intimate knowledge of our business has contributed to our strong business performance and we wish him all the best in his new role,” McLennan says.
McLennan adds he is delighted to welcome Susan Panuccio to the Board.
"Susan has extensive experience across both the finance sector and the News Corp network. The Board and I are looking forward to her contribution as we move towards REA Group’s next phase of growth,” he says.
Prior to her role as News Corp's Australian CFO, Panuccio was CFO at the group's UK operations. She has also held roles at corProcure in Australia, Anglogold Australasia, Ansett Australia and KMPG.