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  • Writer's pictureReal Estate Today - New Zealand

First National's CEO Set to Step Down

Today, First National Real Estate has revealed that Ray Ellis, the Chief Executive Officer, will be stepping down from his position at the largest cooperative brand in the industry. Mr. Ellis is acknowledged for his remarkable innovation skills during his tenure.

Mr Ellis navigated the company through the challenges posed by the Global Financial Crisis, various shifts in real estate industry policies, and the COVID-19 pandemic.

As a result, the organisation has emerged from these trials in a robust financial standing.

In his continued role, Mr. Ellis will provide invaluable support to the board of directors as they oversee the transition to a new CEO for both the company and the not-for-profit cooperative.

First National Real Estate Chairman, Rob Westwood, conveyed the board's deep appreciation to Mr. Ellis for his steadfast dedication and influential leadership. Under his guidance, the company has attained numerous milestones, solidifying its position as a leading force in the real estate industry.

Throughout Mr. Ellis's tenure, the organisation has experienced strategic successes that have notably augmented its market influence and financial robustness.

As we undergo this transition, First National Real Estate remains resolute in its vision for the future and will soon announce the appointment of the next CEO.

The board of First National Real Estate expresses confidence in the firm's strong groundwork established over the last twenty years, positioning it favorably for ongoing success and expansion.

The board is dedicated to maintaining the company's legacy while fostering innovation and strategic growth.

Mr. Westwood stated, "Our commitment lies in consistently serving our members and clients within the dynamic market landscape. We anticipate a smooth transition and envision a resilient future under new leadership."


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