MELBOURNE: CAR Group Limited (ASX:CAR) announced Thursday that CEO Cameron McIntyre will step down on Aug. 15 after nine years leading the automotive marketplace giant, with Chief Financial Officer William Elliott named as his successor. The transition coincides with preliminary estimates showing double-digit growth in the company’s fiscal 2025 Results.
McIntyre, who spent 18 years at CAR Group, oversaw a fivefold expansion that elevated the company into Australia’s ASX Top 50 and the MSCI Index. Under his leadership, 60% of the business shifted offshore. Chair Pat O’Sullivan credited McIntyre’s “humility, vision, and commitment to people” for the firm’s global rise.
Elliott, a 10-year company veteran and CFO since 2020, will assume the CEO role following a monthlong transition. O’Sullivan highlighted Elliott’s “exceptional financial acumen” and deep understanding of CAR’s culture. Elliott pledged to build on McIntyre’s legacy, citing “a clear strategy and talented team.”
The board also released unaudited FY25 estimates projecting robust growth:
- Pro forma revenue: A$1.142–1.146 billion (up 12% year-over-year)
- Pro forma EBITDA: A$638–642 million (up 11–12%)
- Adjusted net profit after tax: A$376–380 million (up 11–12%)
The gains reflect strength across all key markets, with detailed results to be published Aug. 11. CAR Group enters FY26 with “good momentum,” citing market-leading brands and multiple growth levers.
Stephen Wong, Chief Strategy Officer, will serve as interim CFO during a global search for Elliott’s replacement. McIntyre will receive pay in lieu of his six-month notice period and retain select long-term incentives. Elliott’s CEO package includes a A$1.6 million base salary and performance bonuses up to A$2.4 million.
McIntyre called his tenure “the highlight of my career,” adding the company is “well-positioned for continued success.”