REG-Rightmove Plc: Directorate Change

RightmoveAnnouncement

07/08/2024 07:15

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

7 August 2024

Rightmove plc

(`Rightmove' or `Company')

 

RIGHTMOVE ANNOUNCES NEW CHIEF FINANCIAL OFFICER

 

Rightmove plc, the UK's number one property portal, announces the appointment
of Ruaridh Hook to the Board as Chief Financial Officer and as an Executive
Director, with effect from 15 September 2024.

 

Alison Dolan will step down as Chief Financial Officer and as an Executive
Director on the same date. Alison will remain at Rightmove in a supporting
position for a short transitionary period until a date for her departure has
been finalised.

 

Ruaridh has been Head of Commercial Finance and Financial Planning & Analysis
at Rightmove since 2020, having joined the Company in 2016.  He brings a
wealth of experience from his time at Rightmove, having also held roles in
Group Reporting, Tax, Treasury, and Investor Relations at the Company.  Prior
to Rightmove, Ruaridh worked in Corporate Finance at EY for over five years,
qualifying as a chartered accountant.

 

Johan Svanstrom, Chief Executive Officer of Rightmove, commented "I am
delighted with the appointment of Ruaridh as CFO of Rightmove. Ruaridh has
tremendous knowledge of our business, commercial model and the market, and of
course is already well known to so many team members across our organisation
and outside it. He has worked closely alongside Alison and me in recent years,
and was instrumental in developing our strategy, which we outlined last
year.  I have thoroughly enjoyed working with Ruaridh since I joined, and we
look forward to delivering our strategy together with the full leadership
team, and building on Rightmove's strong position and partnership model
together. My thanks to Alison for all of her work and support throughout the
time we have collaborated together, and on behalf of the team, I would like to
thank her for all that she has contributed to Rightmove."

 

This announcement has been made in accordance with the requirements of 6.4.6
and 6.4.8 of the UK Listing Rules.

 

The person responsible for releasing this announcement is Carolyn Pollard,
Company Secretary.

 

Enquiries:

Investor Relations Investor.Relations@rightmove.co.uk

Sodali & Co  rightmove@sodali.com

 

 

Notes to editor

Ruaridh Hook's remuneration package on appointment has been set in line with
the Directors' Remuneration Policy. Full details of his remuneration will be
disclosed in the Directors' Remuneration Report in the 2024 Annual Report and
Accounts.

 

About Rightmove
* Rightmove has the UK's largest selection of properties for sale and to rent,
adds more listings than anyone else, and over 80% of all time spent on
property portals is on Rightmove.
* Rightmove's vision is to give everyone the belief that they can make their
move by giving people the best place to turn and return to for access to tools
and expertise to make it happen.
* People can search Rightmove for residential resale, new homes, rentals,
commercial property and overseas properties and use tools and information
including getting a Mortgage in Principle, checking local sold prices,
property valuations, market trends, maps and schools.
* Customers include the following key groups: estate agents, lettings agents,
new homes developers, rental operators, commercial property operators and
overseas property agents.
* Using the UK's largest housing datasets, we issue a number of regular
reports to track housing market indicators: our monthly House Price Index
(established 2002), our quarterly Rental Trends Tracker (established 2015),
and a weekly Mortgage Rates Tracker (established 2023). Historical data is
available on request.
* Founded in 2000, Rightmove listed on the London Stock Exchange in 2006 and
is a member of the FTSE 100 index.


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