RetailAppointments Group Plc has appointed a new CFO from Ocado Retail.

Niall McBride is to leave the online supermarket business for the price comparison group as the CFO merry-go-round among listed businesses continues.

Ocado Retail is a limited company owned by Ocado Group Plc. McBride is only CFO of the former, having joined in 2020. He was previously managing director at Rothschild & Co and began his career at PwC, where he qualified as a chartered accountant.

He will replace Scilla Grimble, due to leave Moneysupermarket for Deliveroo, no later than 3rd April 2023.

“I am delighted to welcome Niall to Moneysupermarket. He will be a strong addition to the board and executive team,” said Moneysupermarket CEO Peter Duffy. 

“Niall brings strong digital and consumer experience. I am looking forward to working with him as we continue to successfully execute our strategy.”

Tech sector reacts to Chancellor’s ‘mini-Budget’

McBride said: “I am delighted to be joining the team at Moneysupermarket.  With its distinctive brands and its mission to help households save money there is no better time to join this exciting business.

“I am looking forward to working with colleagues to realise the significant potential of Moneysupermarket in the years ahead as a market leading tech-led savings platform.”

Moneysupermarket also announced the appointment of Rakesh Sharma as an independent non-executive director with effect from 3rd October 2022. He will also succeed Sarah Warby as remuneration committee chair.

Sharma is currently the senior independent director and remuneration committee chair at PayPoint plc and chairman of AIM-listed Kromek Group plc.

Silicon Valley Bank launches UK subsidiary bank