Purplebricks CFO Andy Botha to step down

Online estate agent Purplebricks said on Thursday that chief financial officer Andy Botha will step down at the end of the month.

Botha will be succeeded by Steve Long, who will take on the role in the first quarter of 2022. Long joins from esure Group, a provider of personal lines motor and home insurance, where he is currently Finance Director, Strategy & Transformation, responsible for the development, financial management and execution of strategic plans and transformation programme.

He was interim CFO from January 2018 to March 2020, during which he oversaw the public to private sale of esure and the transition to private equity ownership.

Chairman Paul Pindar said: "On behalf of the board I would like to thank Andy 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 Steve to the company as chief financial officer.

"Steve brings strong commercial, financial and strategic experience and a strong track record in delivering growth in a customer facing, technology-focused business. I look forward to working with him and the executive leadership team as we continue to deliver on Purplebricks' growth strategy."