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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.

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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/link/follow-20180101-p5750a