Purplebricks has issued the following notice to the City.
Purplebricks Group plc (AIM: PURP), the UK’s leading hybrid estate agency, today announces that Chief Financial Officer, James Davies, has advised the Board of his intention to resign from the Company and the Board effective from 8 May 2020.
The Company is pleased to announce that Andrew Botha will be joining Purplebricks as Chief Financial Officer, effective from 11 May 2020 subject to the completion of the customary due diligence checks required by the AIM Rules.
Mr Botha joins from online travel group Secret Escapes and was previously Group CFO at ZPG, the digital media business that owns and operates some of the UK’s most recognised online brands including digital property portal Zoopla, PrimeLocation, uSwitch and Money.co.uk.
From his time at Zoopla, Andrew has developed a strong understanding of the UK hybrid property market.
He has also worked for a number of other publicly quoted and privately-owned digital businesses, including Lastminute.com, Betfair and Notonthehighstreet.
Andrew has more than 25 years’ business experience and brings with him an extensive background in corporate finance, financial planning and analysis, investor relations, strategic planning and risk management.
Paul Pindar, Chairman of Purplebricks, commented:
“On behalf of the Board I would like to thank James for his hard work and dedication during his tenure at Purplebricks.
“We wish him the very best with his future endeavours.
“I am delighted to welcome Andy to the Board as Chief Financial Officer.
“Andy has a remarkable track record in growing digital businesses, and I look forward to working with him and the executive management team to execute Purplebricks’s strategy.”
James Davies commented:
“It has been an exceptional privilege to have been part of the growth and success of Purplebricks.
“I joined when it was a nascent challenger brand and today it ranks as the UK’s largest estate agency by volume.
“I am proud to have been on that journey.
“Notwithstanding the current COVID-19 circumstances, the Company is in a strong financial position and ready for its exciting next stage of development and success.”