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Simon Parker
Loan Market Group's executive chairman Sam White yesterday announced he would resign from his role as a non-executive director of the REA Group.
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A statement from the REA Group said Mr White made the move with a view to "focus on his family business, the Ray White Group".
"Sam has been a vital member of the board since 2002, helping to guide the company in its transition from a small listed business to a market capitalisation of around $1.5 billion today," said REA Group chair, Richard Freudenstein.
"I have always valued Sam's advice and knowledge of the real estate industry and his contribution to the board has been significant."
Mr White said REA Group, which owns realestate.com.au, was a company that "is made up of a terrific group of individuals who share a great culture."
"I believe the company has excellent growth prospects, both in Australia and in its overseas markets, and I look forward to continuing to work with the team in my Ray White capacity," he said
