Countrywide boss quits following profit warning

Countrywide boss quits following profit warning

Alison Platt has resigned as Chief Executive Officer of the Group and will stand down from the Board of the group.

The Board has asked Peter Long to become Executive Chairman to which he has agreed until such time as a successor is appointed. Paul Creffield, previously Managing Director, Commercial Development has been appointed Group Operations Director with immediate effect.

Alison Platt said, “Since joining in 2014 I have worked hard, within a difficult market, to structure a fragmented business into one set for success. I believe those actions will serve Countrywide well in the future. However, the time is now right for me to step aside. I look forward to seeing the business build back and return to growth.”

Peter Long, Chairman added, “In Countrywide we have a strong and successful business in Financial Services, B2B and Commercial led by an experienced and committed management team. Within our core Sales and Lettings area, however, we have lost focus and a key priority will be to implement changes that will enable this area to start delivering once again. Working together with this experienced executive team I feel confident we can return the business to profitable growth.”

The group had a disappointing year in 2017, with total income expected to be circa £672m, down from £737m in 2016. It will publish further details on its strategy at its preliminary results on 8 March 2018.

 

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