24/08/2016 - 14:48

Bader starts as Rent CEO

24/08/2016 - 14:48

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Former iiNet executive Greg Bader has been officially installed as chief executive of online property portal rent.com.au, following founder Mark Woschnak’s retirement last month.

New rent.com.au chief executive Greg Bader.

Former iiNet executive Greg Bader has been officially installed as chief executive of online property portal rent.com.au, following founder Mark Woschnak’s retirement last month.

Mr Bader, who has been serving as interim CEO since Mr Woschnak stepped down, will receive a base salary of $250,000 per annum plus superannuation.

Chairman Garry Garside said Mr Bader’s skills and experience placed him as the right person to lead Rent.

“The Rent board recognise that in Greg we have a chief executive who has not only been extremely successful in growing a business rapidly, but is well regarded by the investment community and also has the relevant skills, desire and vision to translate that success at Rent,” he said.

Mr Bader said his history at iiNet was extremely important to him.

“Not only because it was a successful organisation that quickly grew from humble beginnings, but one where customer service was an attitude, not just a department,” he said.

“People were passionate and we actually changed the Australian telecoms industry for the better.

“I see many similarities at Rent, in that there are great people with a drive to make things better.

“There is a genuine opportunity to make a difference because renting is a real and practical choice for a growing number of people.

“If we can make the process a little easier, more rewarding and a little more enjoyable, then that is a big win in my book and I am delighted the board has agreed to provide me with the opportunity to do so.”

Meanwhile, Rent has also boasted a strong financial year with a 118 per cent surge in revenue to $748,000 as operating results across all customer segments hit record highs.

The company made a net loss of $7.2 million, in line with expectations as it reflected a significant level of investment on marketing and acquisitions.

“With the achievement of the core objectives for FY16, Rent’s focus now shifts to the next, scalable phrase of commercialisation, which will propel the business to break even and, ultimately, profitability,” the company said.

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