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Posted on February 19, 2020 by staff

Moneysupermarket CEO to step down

Moneysupermarket CEO to step down

Mark Lewis
Mark Lewis

Mark Lewis, the CEO of Moneysupermarket Group is to step down from his role as CEO of the British price comparison site to pursue a new career direction.

The announcement was made by the listed firm ahead of its preliminary 2019 results, which it said had met market expectations.

A date has not yet been agreed for the CEO to step down, but a formal search process for his replacement will include internal and external candidates, MomeySupermarket said.

The firm, which last year rebranded its logo and slogan, said it was grateful for Lewis’ contribution.

The firm’s Chairman Robin Freestone took over as Moneysupermarket’s chairman last year, succeeding Bruce Carnegie-Brown.

Its board said Lewis “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.”

Lewis joined the firm in April 2017 from his role as Retail Director at John Lewis, succeeding Peter Plumb.

The Group reported a revenue growth of 15 per cent to £200m in the first quarter of 2019 under Lewis.

The commerce expert previously spent over five years as Managing Director for the UK at eBay. He also held the role of CEO at parcel delivery firm Collect+ for almost three years.

He has a MBA (INSEAD) and a MA, BA (Hons) from Cambridge University in Mathematics.

Sky News reports that Moneysupermarket.com has hired headhunter Russell Reynolds Associates to identify a successor.

MoneySuperMarket, which founded in 1999 by Simon Nixon, floated in 2007.