Trade Me chief executive Jon Macdonald is stepping down in about the next six months after a decade in the role and 15 years with the company.
Chairman David Kirk says in a statement that “Jon has done an enormous amount to grow and shape Trade Me over the past 15 years.
“When Jon started, Trade Me was a company of 15 staff, still finding its place in New Zealand,” Mr Kirk says.
“It is now a company of over 600 people and is recognised as one of New Zealand’s most loved and trusted brands.”
He says the company will now start a global recruitment process.
Mr Macdonald says it has been “a privilege” to work at Trade Me. “I’m very proud of the business we’ve built together and all that we’ve accomplished. 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,” Mr Macdonald says.
In recent years Trade Me has struggled to achieve growth in its core marketplace business and is facing increasing competitive threats from Facebook Marketplace and Amazon moving into Australasia.
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