Rent.com.au CEO and Chairman Both Step Down

Australia's leading rentals platform Rent.com.au will undergo a major management change after announcing the appointment of a new Chairman, while CEO Greg Bader will step down.

Sam McDonough, the former head of Airbnb Australia, has become executive chairman, effective December 2024. Current Chairman Garry Garside will remain on the board as a non-executive director.

Meanwhile, long-serving CEO Greg Bader will step down to be replaced by current Chief Operating Officer, Jan Ferreira. Bader will remain at Rent.com.au to oversee a transition period until approximately February 2025.

Garside said:

"It has been a privilege to serve as the Chairman of Rent.com.au as the business has grown from a small online classifieds website to becoming a significant operator in the property sector with a suite of products focused on the renting community.

"I would like to thank Greg [Bader] for his contribution as CEO over the past 8 years. His passion to change the status quo and unwavering dedication to customers have seen Rent.com.au become the top-rated real estate app in the country and with RentPay, opened a new segment and established a platform without peers."

Rent.com.au is publicly listed on the Australian Stock Exchange. As a micro-cap business, the company struggled to grow meaningfully since 2022, with quarterly revenues mostly flat quarter-to-quarter.

While it won't be a surprise to hear that the incoming Ferreira will likely be charged with growing revenues at Rent.com.au, a particular focus will be on turning the RentPay product into a profitable venture (RentPay recorded an EBITDA loss of A$600,000 in Q1 2025).

Watch Online Marketplaces' interview with Greg Bader on the PPW Podcast below: