Catalano steps down

DOMAIN’S shares have plummeted following the surprise resignation of its chief executive Antony Catalano less than four months after the real estate classifieds business listed.

Domain’s shares closed 57¢, or 17.2 per cent, lower at $2.75 a decline of more than a quarter since the company’s $3.80 listing in November.

Domain said Mr Catalano had decided to step down from his position as the job prevented him from being with his family.

Mr Catalano said the job required a relocation to Sydney something he says he wouldn’t ask his family to do.