Company Announcements

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.