Moneysupermarket CEO to step down

Chester-based price comparison website said on Wednesday that its CEO Mark Lewis “has indicated to the board that he wishes to step down as chief executive and pursue his career in a new direction.” said: “No date for this has been agreed, but Mark has said that he wishes to ensure a smooth transition to his successor.

“The board has initiated a formal search process for his replacement which includes internal and external candidates.

“In the meantime Mark remains in role and fully engaged with the business. 

“The board is grateful for Mark’s contribution to the group.  

“In the three years since Mark became CEO, the group has helped households save over £6bn, returned £250m to shareholders, launched new personalised customer experiences and developed new capabilities in B2B services and the digitisation of mortgage comparison under the Reinvent growth strategy.

“Mark and CFO Scilla Grimble will present the preliminary results for 2019 as scheduled on Thursday 20 February 2020 and the group will announce that it met market expectations for 2019.”

About the Author

Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.