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Chief executive of Moneysupermarket departs

FTSE

The chief executive of Moneysupermarket.com is stepping down. Peter Plumb announced today that he would leave the price comparison website on or before the group’s annual general meeting in May.

Mr Plumb, who became chief executive in 2009, said he felt it was the “right time to hand over the leadership baton”.

According to the company chairman, Bruce Carnegie-Brown, “We are indebted to Peter for his leadership of Moneysupermarket. During that time Moneysupermarket’s share price has grown from 45p to 302p.”

A formal process to find Mr Plumb’s successor is now underway.

The announcement came as Moneysupermarket announced its half-year results. Sales rose 10pc to £157.6m in the first six months of the year, while profits edged 6pc higher to £53.8m.

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Paul

The author Paul