The magazine Property Week is reporting that Countrywide’s former chief executive Alison Platt, who quit her post this morning, will receive a £675,000 pay-off.
In something of a coup, the magazine secured an interview with Countrywide group chairman Peter Long in which he makes “a damning attack” on Platt for failing to deliver on her promise to stem losses in market share to rivals.
This came to a head after a management reorganisation last summer - following the departure of ‘retail’ director Sam Tyrer - in which Platt assumed greater personal responsibility for the sales and lettings divisions.
“In the middle of last year Alison made herself responsible for the sales and lettings side of the business, but the situation was the business was not delivering on what was anticipated,” Long has told Property Week.
Long confirmed Platt would receive a payoff, stating: “She will be paid according to standard contract terms, plus pension contribution. That means she will receive £675,000.”
Earlier today Estate Agent Today received a copy of a note sent to Countrywide staff by Long, pledging to empower branches to win back lost market share and revealing a new management structure to take the company through the short term. You can see those details here.
The Property Week story is behind a paywall, here.