Former Domain CEO Antony Catalano secures new role at Tomorrow Agency
31 May 2018, Written by David Simmons
After resigning from Domain just two months after it listed on the ASX, Antony Catalano has secured a new leadership position at Domain's biggest client.
Catalano quit as CEO of Domain in January, saying that the role would inhibit time spent with the family including his eight children.
Catalano was criticised for departing Domain, considering it had only just launched as a public company.
Following Catalano's departure from Domain, the group saw an 8.1 per cent drop in half-year profit. The listed company is still yet to secure a replacement CEO.
Catalano will start as an executive director at media buyer Tomorrow Agency in July. He has also purchased a stake in the company which provides advertising programs for property developers and buys media placement with advertising channels like Domain and REA Group.
Nick Falloon, the executive chairman of Domain, stepped into Catalano's shoes following his departure. Domain suffered a 17 per cent fall in share price on the day Catalano's resignation was announced.
Catalano described his new role at Tomorrow as "coming home".
"Property is in my blood and I love nothing better than helping developers, marketers and agents grow value in their businesses," says Catalano.
"I am also looking forward to continuing my involvement with Domain via this role as its largest client."
Catalano was chief executive at Domain for four years before he spearheaded the plan to spin Domain off from Fairfax Media and list it as a separate company, worth more than $2.2 billion.
Catalano says his new role at Tomorrow Agency will not be a Monday-to-Friday job and will involve expanding the business into the Sydney market, and increasing its client base.
Business News Australia
Author: David Simmons