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Why Seek is splitting itself in two

In handing the reins to Ian Narev, Seek chief executive and co-founder Andrew Bassat will launch a restructure designed to give the group’s very different sides room to grow.

It’s the end of an era.

For the first time in 23 years, online classifieds group Seek won’t have a Bassat at the helm. Chief executive, co-founder and major shareholder Andrew Bassat announced he would hand the reins to former Commonwealth Bank chief executive and current Seek second-in-charge, Ian Narev, as part of a radical restructuring of the group.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/why-seek-is-splitting-itself-in-two-20210223-p5750a