Purplebricks chief financial officer James Davies has resigned.
His place has been taken by Andrew Botha, who has joined from the online travel group Secret Escapes; Botha was previously chief financial officer at the Zoopla Property Group prior to its acquisition in 2018 by US private equity firm Silver Lake.
In a statement to shareholders at 7am this morning Paul Pindar, chairman of Purplebricks, said: “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.”
Davies said: “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.”
Davies' 25 years business experience also included other publicly quoted and privately-owned digital businesses, including Lastminute.com, Betfair and Notonthehighstreet.