Moneysupermarket loses two directors from its board

Cash saving expert, Moneysupermarket.com has lost two of its high profile directors a week after reporting 2014 earnings.The company said Michael Wemms and Robin Klein will step down from the board at the annual general meeting on 30 April 2015.Wemms has been the senior independent non-executive director since the listing of the company in July 2007 and chaired the Remuneration Committee of the board between July 2007 and January 2013.Klein has been a non-Executive director since 21 June 2013. Rob Rowley, who has been a non-executive director of the company since 19 September 2007, will assume the role of senior independent director."Michael and Robin leave with the Board's gratitude for their significant contributions to the success of the company. We wish them both the very best for the future," said Bruce Carnegie-Brown, chairman of the company.Last week, Moneysupermarket.com reported that revenue rose 10% to £248.1m in 2014 after increasing its advertising expenditure and investing in technology but shares sank on worries that the government will make price comparison sites compensate customers who fail to get better deals.Last month, the chairman of the government's Energy and Climate Change Committee, Tim Yeo MP, called for price comparison companies to compensate customers who had been "duped" into buying energy policies that "may not have been the cheapest or most appropriate for their needs".The FTSE 250 company made no reference to the comments in its results, but later tried to reassure analysts that this would not be the industry's version of the PPI scandal that has hurt banks, but most were unimpressed, leading to a decline in the shares.