The reverse takeover of Fairfax's high-value classifieds business Domain by glossy real estate upstart Metro Media Publishing is complete after Antony Catalano was appointed Domain's CEO this morning.

Crikey can reveal that Catalano, a former Fairfax executive, will seize the reins of the Domain group following Fairfax CEO Greg Hywood's decision in March to spin the booming business unit out as a standalone entity.