Sam Morgan has moved from the CEO role to become chairman of Trade Me. Jon McDonald, former general manager of the company, is taking up the CEO role.
This is a formalisation of what has existed informally for almost a year, with McDonald operationally running the company on a day-to-day basis, says Trade Me spokesman Michael O’Donnell.
The move will allow Morgan to grow his involvement in his portfolio of investment companies, says O’Donnell.
Morgan will continue to spend a couple of days a month at Trade Me in his role as chairman.