Last checked at 17 May 2018 07:00
17 May 2018 - Moneysupermarket.com Group PLC ("Moneysupermarket" or the "Group")
Directorate Change
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014
Moneysupermarket announces that Chief Financial Officer ("CFO") Matthew Price is to step down as CFO and as a Director of the Group on 31 October 2018. Matthew will continue to act as CFO and to deliver on the execution of our strategy and support a smooth transition. A formal process to appoint Matthew's successor has commenced and a further announcement on succession will be made in due course.
Mark Lewis, Chief Executive Officer, said "Since I joined in 2017, Matthew has played an important role supporting my transition into the business and the development of our new strategy. He has been a key member of the leadership team over the last four years and I wish him well for the future."
Bruce Carnegie-Brown, Chairman, said "Matthew has made a significant contribution to Moneysupermarket's success over the last four years. During that time Moneysupermarket's share price has grown from 188p to 318p (as at 16 May 2018) and has returned over £230 million to shareholders in ordinary and special distributions. The financial management and control he instituted have been a vital factor in setting the Company up for success in the next phase of its development."
Matthew Price, Chief Financial Officer, added "Moneysupermarket is a great business and the last four years have been exciting and fulfilling. It has been particularly rewarding to help develop the new strategic direction of the Group, and to leave the business in a strong position as it executes against that strategy."
For further information, contact:
Matthew Price, Chief Financial Officer - Matthew.Price@moneysupermarket.com / 0207 379 5151
Jo Britten, Investor Relations Director - Jo.Britten@moneysupermarket.com / 0789 646 9380
William Clutterbuck, Maitland - wclutterbuck@maitland.co.uk / 0207 379 5151