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Stock impact report

Rightmove CEO to leave next year, shares fall [Reuters]

RIGHTMOVE PLC UNSP/ADR (RTMVY) 
NASDAQ:AMEX Investor Relations: plc.rightmove.co.uk/investors
Company Research Source: Reuters
Under Brooks-Johnson's leadership, London-based Rightmove cemented its dominant position in the market, offering steep discounts to agency and new-home customers during the early days of the pandemic. “With Rightmove progressing well on its mission to make home moving easier and our strong trading from 2021 continuing into 2022, I have decided it is an appropriate time to seek a new challenge,” Brooks-Johnson said. The 49 year-old will remain CEO of the company, which runs Britain's No.1 real estate portal, until its annual results in February next year, the company said. He joined Rightmove in 2006 and became its chief operating officer in 2013 before he was promoted to top role in 2017. Liberum analysts said in a note they did not anticipate Rightmove altering its strategy under new leadership, with the company having a history of promoting insiders. “Peter (Brooks-Johnson) stepping down will be a loss to the business, but Rightmove is well run, and we believe it will con Show less Read more
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