Susan Mitchell to depart REA Group

REA Group’s CEO Broker, Susan Mitchell has decided that now is the right time for her to leave the business and explore other opportunities.

The Announcement:

REA Group has today announced its CEO Broker, Susan Mitchell, will depart the organisation later this month.

Susan joined REA Group when the business acquired Mortgage Choice in July 2021. She has been with Mortgage Choice for 13 years, first serving as CFO, before taking on the role as CEO in 2018.

During her long-serving tenure, Susan led Mortgage Choice through a major restructure, the Financial Services Royal Commission, and the acquisition by REA.

Following the initial integration phase of REA’s broker business, and as the Group moves into detailed execution, Susan has decided that now is the right time for her to leave the business and explore other opportunities.

REA Group Chief Financial Officer and CEO Financial Services, Janelle Hopkins commented: “In her time with Mortgage Choice, Susan played a key role in lobbying for brokers and supporting industry associations. I’d like to thank Susan for her dedication in driving the industry forward and for her work during this important transition period for REA’s broker business. I wish her all the best for her next chapter.”

Susan Mitchell commented: “I have enjoyed every moment of my time with Mortgage Choice and REA Group, and it’s the people I will miss most. It has been wonderful to work every day with franchisees passionate about helping Australians secure finance to make their property dreams a reality, and a team equally as passionate about supporting the network. I look forward to seeingcontinued growth in the business.”

REA will conduct an external search for the CEO Broker role. In the interim, Anthony Waldron, who has been advising on REA’s Financial Services growth initiatives over the last four months, will temporarily step into the position.

Janelle added: “REA’s Financial Services focus remains on integrating our broker businesses and identifying and delivering opportunities to support our franchisees’ success, as well as growing our presence in market. We are putting everything we’ve got behind our team as we strive to become the leading national mortgage broking business.”

Source: REA Group

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