Former REA Group chair sells most of his shares

24 Sep 2009

By Ralph Grayden

REA Group director and Australian real estate magnate John McGrath has divested himself of most of his holdings in the company with the explanation that he wants to diversify his share portfolio.

McGrath is a former chairman of REA Group, overseeing the company's board from 2003 until 2007 in a period of rapid expansion under ex-CEO Simon Baker. D

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Peter M. Zollman

Peter M. Zollman brings more than 35 years of media experience to his role as founding principal of the AIM Group / Classified Intelligence Report. He has worked with a wide range of media companies, dot-coms, technology providers and start-ups to develop and expand successful interactive-media services. He is based in Altamonte Springs, Fla., near Orlando.