Purplebricks Group PLC (‘Purplebricks’ or ‘the Company’) announces that Neil Cartwright, Chief Financial Officer, is to step down from the Board and will leave the Company due to ill health.
The Board is pleased to announce that James Davies, most recently Chief Financial Officer of William Hill Online (the digital business of William Hill PLC) has been appointed to the role of Chief Financial Officer with effect from 4 May 2017. Neil will leave the Company on 30 June 2017 in order to help facilitate a smooth transition.
Prior to William Hill, James held the position of divisional CFO at Kingfisher plc and previously was for three years employed as the deputy to the Group Finance Director of UBM plc. Before this James spent five years in UK M&A at Deutsche Bank and eight years in the Tech team at Close Brothers.
Commenting on the announcement, Paul Pindar, Chairman stated: On behalf of the Board I would like to take this opportunity to express our deep gratitude to Neil and our very best wishes for his full recovery. Neil has been with Purplebricks since the start of 2015 and has played a significant role in its rapid growth and success to date, including steering the Company through its IPO in December 2015 and its recent fund raising for US expansion. I would also like to take this opportunity to welcome James to the Board. James’ broad international experience in consumer brands, technology and capital markets, will prove invaluable as we continue our rapid evolution.
Commenting on the announcement, James Davies, stated: Purplebricks has in just three years led permanent change in the estate agency industry and notwithstanding its rapid progress to date, the future opportunity is compelling. I am delighted to be joining the Company at such an exciting time in its evolution and look forward to helping it manage the growth and realise the global opportunity.
Save for the information disclosed below, there are no further disclosures to be made in accordance with Schedule Two paragraph (g) of the AIM Rules for Companies in respect of James Davies.
James Davies holds one active directorship in the following company at this time.
Company
Unitlease Residents Management Limited
James Davies has held directorships at the following companies in the last five years:
Company
WHG International Services Limited
WHG Trading Limited
Kingfisher Holdings Limited
United Finance Limited
Crosswall Nominees Limited
UNM Investments Limited