Domain Holdings Australia Ltd (ASX: DHG) has announced Jason Pellegrino as the new CEO and Managing Director. He has been the Managing Director of Google Australia and New Zealand since 2016 and is also a member of the Asia-Pacific regional leadership team.
Domain Holdings Australia is the company which owns the property sales portal business Domain, Allhomes and Commercial Real Estate.
Mr Pellegrino will be paid a fixed package of $1.2 million including superannuation, he will also have short term and long term incentives if he hits total shareholder return hurdles. He will also receive a $500,000 cash bonus for joining and $2,000,000 in shares that will vest after being employed for two years.
Not bad for some!
The Chairman of Domain, Nick Fallon, said: “We are delighted to have Jason join Domain as CEO. Jason’s career as a digital executive with deep experience in sales, strategy, operations and product and technology speaks for itself.”
Mr Pellegrino holds a Bachelor of Commerce degree from the University of Wollongong and an MBA from London Business School. He said: “I am delighted to be joining the incredibly talented team at Domain and I can’t wait to be part of the exciting growth journey ahead.”
The Domain share price is currently up 2.2% after early trade in response to this news according to Google Finance.
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