REG-Rightmove Plc: Directorate Change

RightmoveAnnouncement

21/10/2022 07:15

21 October 2022

Rightmove plc

(‘Rightmove’ or ‘Company’)

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

DIRECTORATE CHANGE - CHANGE OF CEO

The Board of Rightmove plc today announces that Johan Svanström will be
appointed Chief Executive Officer and succeed Peter Brooks-Johnson, who will
retire after the full year results.

Johan brings significant experience of growing established business to
business to consumer online marketplace businesses. Following his appointment
as Global President of Hotels.com and Expedia Affiliate Network brands in
2013, he served on the Expedia Group global leadership team and over five
years grew revenues to over $3 billion and led direct teams of 1,500 people
across four continents.

Johan started at Expedia as one of the company’s first employees in Asia,
where he led the effort to set up the company’s operations across the
continent. He joined Expedia from McDonald’s Inc, where he led several
successful major projects within the company’s Digital Innovation Group,
having previously held CEO and leadership positions in telecommunications and
internet start-ups. A Swedish national based in the UK, Johan currently serves
as a Partner, EQT Growth Advisory Team, which is part of EQT, the global
investment organisation. Johan has many years of experience as a Board
Director of both public and private technology companies across multiple
countries.

Peter will continue to lead the business and support an orderly transition
until after the presentation of the 2022 full year financial results. Johan
will join Rightmove on 20 February 2023 as Executive Director and CEO
designate and will be appointed Chief Executive Officer on 6 March 2023.

The Company continues to make good progress with the implementation of its
strategy and trading in the year to date has been as expected. The Board's
expectations for the full year remain unchanged.

Andrew Fisher, Chair said

“I would like to thank Peter for his outstanding leadership as CEO over the
past five years and for his significant contribution to the Company throughout
the past 16 years.  Under his leadership the Company has significantly
increased value for our customers and home hunters, with time spent on
Rightmove increasing from 11.7bn minutes in 2016, to over 18bn in 2021. This
has delivered sustained growth for our shareholders, increasing annual
revenues from £220 million to £304 million in the same period and returning
more than £750 million through dividends and share buybacks.” 

“I am delighted to welcome Johan, whose proven ability to scale established
companies along with his digital acumen and experience of marketplaces will
continue to add significant value for our customers, home hunters,
shareholders and team.”

Johan Svanström said

“I’m very excited to join Rightmove and look forward to building on the
Company’s strong position and partnership model together with the team.
Technology continues to provide opportunities to grow markets and create
efficiencies everywhere. Rightmove has a long runway of opportunities to
innovate, digitise and create ever more value for users, customers, and the
wider eco-system.”

Johan is a Non-Executive Director of each of RVRC Holding AB and BIMobject AB
(Sweden) and was a Non-Executive Director of Parques Reunidos SA (Spain) until
December 2019. No further information is required to be disclosed in relation
to this Board appointment under Listing Rule 9.6.13.

Enquiries:

Amy Murphy

PR Manager

Press@rightmove.co.uk

Carolyn Pollard

Company Secretary

CompanySecretary@rightmove.co.uk



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