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Grab executive Russell Cohen departs to lead digital property firm Pexa
Russell Cohen, Grab's group managing director of operations, is leaving the company after nearly eight years to become CEO of Pexa, a digital property settlement platform in Melbourne. Cohen joined Grab in 2017, contributing to its evolution into a multi-vertical super app, and expressed gratitude for the support from the leadership and team.
Harvey Norman and Pexa Group report mixed financial results amid uncertainty
Pexa Group reported a $32.7 million loss in the first half but plans to distribute $50 million to shareholders through a buyback, while maintaining its full year 2025 guidance amid uncertain market conditions. Endeavour Group is in search of a new CEO following Steve Donoghue's resignation on March 17, with Larry Mervis stepping in as temporary executive chairman, as the company anticipates improved retail conditions if inflation eases.
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