Matthew Price to step down as Moneysupermarket CFO

Moneysupermarket announced on Thursday that chief financial officer Matthew Price would step down as CFO and as a director on 31 October.

The FTSE 250 utility comparison provider said Price would continue to act as CFO and deliver on the execution of its strategy, supporting a smooth transition.

“Since I joined in 2017, Matthew has played an important role supporting my transition into the business and the development of our new strategy,” said Moneysupermarket CEO Mark Lewis.

“He has been a key member of the leadership team over the last four years and I wish him well for the future.”

Chairman Bruce Carnegie-Brown added that Price had made a “significant contribution” to Moneysupermarket's success over the last four years.

“During that time Moneysupermarket's share price has grown from 188p to 318p as at 16 May, and has returned over £230m to shareholders in ordinary and special distributions,” Carnegie-Brown noted.

“The financial management and control he instituted have been a vital factor in setting the company up for success in the next phase of its development.”

A formal process to appoint his successor had now commenced, with the board promising a further announcement on succession in due course.

“Moneysupermarket is a great business and the last four years have been exciting and fulfilling. It has been particularly rewarding to help develop the new strategic direction of the group, and to leave the business in a strong position as it executes against that strategy,” commented Matthew Price.