Greg Roebuck, Chief Executive Officer of Australian automotive portal Carsales.com.au is resigning after 20 years with the company. He will be replaced by chief operating officer Cameron McIntyre from March 17, 2017.
Since founding the company in 1997, Roebuck helped build Carsales from a loss-making start-up into an ASX 100 company with a market capitalisation of $2.7 billion.
In an interview with The Sunday Herald, he said the decision to leave the role was hard, but coming at the right time.
"When we started the company 20 years ago, I never imagined that today we would be operating in multiple languages across nine countries," he told The Sydney Morning Herald.
His replacement, Mr McIntyre, joined the online classifieds business as chief financial officer in May 2007, before becoming chief operating officer in October 2014.