IPGA Ltd, the company behind the iproperty.com family of portals, has announced the appointment of Shaun Di Gregorio as its new CEO.
Di Gregorio previously held positions as head of Australian operations for REA Group and general manager of REA Group’s international business. Patrick Grove, IPGA’s executive chairman, says REA Group’s revenues grew from AUD$6 million to $167 million and the share price increased from $0.15 to $7.40 while Di Gregorio was working as a senior manager at the company.
“iProperty has established leading positions in Malaysia, Hong Kong and Singapore,” Grove says. “We believe that these markets are poised to replicate the tremendous growth experienced in the more mature Australian and UK markets. Shaun’s experience in rapid growth markets will be invaluable in driving the long term success of iProperty.”
“I am very excited about joining IPGA,” Di Gregorio added. “I believe the business has tremendous growth potential across its core Malaysian, Hong Kong and Singaporean markets.
Former IPGA CEO Kensuke Tsurumaru will remain with the company as chief operating officer.
Di Gregorio’s appointment follows the appointment of former REA Group CEO, Simon Baker, to IPGA’s board of directors in November 2009.
Classified Ad Ventures is the owner of propertyportalwatch.com, and also owns a stake in IPGA.