Trade Me boss Jon Macdonald will step down in around six months after more than a decade as CEO and fifteen years with the online trader.
“I’m very proud of the business we’ve built together and all that we’ve accomplished," Macdonald said. "But after leading Trade Me for over 10 years, it’s time for me to take a rest and then do something new.
“Trade Me has a long and bright future, with more to do than ever, and it’s a good time to pass the baton to someone with fresh eyes and a full tank of gas."
The Trade Me board said it will start a global recruitment process and work with Macdonald over the coming months to ensure a smooth transition.
“Jon has done an enormous amount to grow and shape Trade Me over the last 15 years,” chairman David Kirk said in a stock market announcement. “When Jon started, Trade Me was a company of around 15 staff, still finding its place in New Zealand.
"It’s now a company of over 600 people and is recognised as one of New Zealand’s most loved and trusted brands."
Macdonald executed a very difficult challenge, taking charge after company founder Sam Morgan departed, two years after selling the company to Fairfax Media for $700 million.
Since then, the company has expanded both organically and through acquisitions into many new markets, including recruitment, property, motor vehicle sales and more.
As well as embracing Agile, the the NZX-listed company told Reseller News last month it is starting to embrace Amazon Web Services (AWS) for big data and machine learning development, Google's Angular framework for mobile development and is studying different hosting models from both Microsoft and Google.