Leadership Transition at PropertyGuru Group: Hari V. Krishnan to Step Down as CEO

Singapore-based property technology firm PropertyGuru Group has announced that Hari V. Krishnan will step down as Chief Executive Officer (CEO) after a decade of transformative leadership. According to the company, Krishnan has decided to explore new interests but will remain closely associated with PropertyGuru as a Senior Advisor to the Board once a new CEO is in place.

Krishnan has been instrumental in the company’s journey from a start-up to Southeast Asia’s leading PropTech platform. His tenure saw PropertyGuru achieve significant milestones, including establishing market leadership across the region, incubating innovative solutions to enhance the consumer property journey, and navigating multiple successful funding rounds. Notably, he oversaw the firm’s public listing on the New York Stock Exchange (NYSE) and its acquisition by EQT Private Capital Asia.

The company also announced that Lewis Ng would step into the role of CEO in March 2025. Ng, a seasoned leader with over two decades of experience in the technology industry, previously held leadership roles at renowned global companies such as Apple, TripAdvisor, Southeast Asian unicorns Carousell, and PropertyGuru.

During his tenure at PropertyGuru from 2014 to 2019, Ng served as Managing Director of Singapore and later as Chief Business Officer, where he drove growth and championed a customer-centric culture. More recently, as Chief Operating Officer at SEEK Asia, he transformed the region’s top job marketplace into a leading career platform. His broad expertise in sales, strategy, and operations, along with his familiarity with PropertyGuru, positions him to guide the company into its next phase of growth and innovation.

In addition to Ng’s appointment, Trevor Mather has assumed the role of Chairman of the Board of Directors. Mather brings extensive experience in scaling marketplace businesses, having previously served as CEO of Auto Trader, where he transitioned the company into a fully digital platform and established it as the United Kingdom’s leading automotive marketplace. He is currently the Chairman of Baltic Classifieds Group.

Other members of PropertyGuru’s Board of Directors include Janice Leow, Partner and Head of EQT Private Capital Southeast Asia, and Ed Williams, the founder and former CEO of Rightmove, the UK’s leading property marketplace. Williams also serves as Chairman of Trade Me in New Zealand and is the former Chairman of Auto Trader.

Ng expressed his enthusiasm for returning to PropertyGuru, highlighting his commitment to leading the firm into its next chapter of growth while maintaining its customer-focused vision. Meanwhile, Board Chairman Trevor Mather praised the company’s strength and innovation, noting its proven track record of delivering value and establishing itself as Southeast Asia’s premier PropTech platform.

Founded in 2007 in Singapore, PropertyGuru empowers property seekers with more than 2.1 million real estate listings, advanced insights, and tools designed to facilitate confident property decisions across Singapore, Malaysia, Thailand, and Vietnam. The company also connects with over 50,000 property agents monthly, reinforcing its role as a cornerstone of the region’s property ecosystem.

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