Australian online property marketplace iBuyNew has announced Alex Caraco as its new CEO in a press release published on the ASX.
Caraco has been appointed as Chief Executive Officer of the Company and joins the Board as
Executive Director with immediate effect.

Alex joined the iBuyNew in 1H17 and brings with him 36 years’ of experience across the real estate sector, with a particular focus on high volume sales and management. Prior to joining the company, he was the former CEO and master franchisor at Coldwell Banker Australia for 11 years.
With the company’s recent investment in its IT platform now largely complete, it states that the time for a leadership change is now pertinent.
“iBuyNew is at a turning point: Real Estate is traditionally about exceptional People and Property. Today you can include Technology,” Caraco said.
“We have now set the foundation for stellar growth: I see great potential with an invigorated team and am excited to be leading the next phase of growth into FY18 and beyond. Using the technology platform that has been built in iBuyNew, it will be far easier than ever before to scale this business both nationally and globally in the years to come”
With Caraco’s new appointment, Mark Mendel, iBuyNew’s Founder and outgoing Chief Executive Officer of the Company, has been appointed as Head of Strategy.
In his new role, Mendel will focus on further enabling iBuyNew’s digital/technical capabilities, systems, processes and information to scale leads and sales volumes.
Director retirement and board changes
John Kolenda, Non-Executive Director, has announced his retirement from the iBuyNew Board with immediate effect. Kolenda’s retirement, together with the appointment of Alex Caraco, results in a streamlined, three-person Board structure. The new Board now comprises Calvin Ng (Non-Executive Chairman), Andrew Jensen (Executive Director) and Alex Caraco (Executive Director).
In the coming months, Andrew Jensen will transition from Executive Director to Non-Executive Director, with a new part-time CFO fulfilling his executive duties.
