Moneysupermarket poaches new CFO from M&S

Price comparison business Moneysupermarket on Thursday appointed Scilla Grimble to the board as chief finance officer to replace Matthew Price who will step down on 31 October.

Grimble is currently director of group finance at Marks & Spencer, having previously served as interim chief financial officer of the retailer she joined in 2016. She has also held senior roles with Tesco and UBS Investment Bank, where she was a managing director.

Mark Lewis, chief executive of the price comparison company, said: "I am delighted to have Scilla join the team. She brings significant experience to the group of leading finance teams in several consumer facing public companies and has a strong background in commercial finance and banking. Having launched our new strategy at the start of the year, Scilla will strengthen our management team capability and help us deliver growth."

Lewis added that Grimble’s appointment strengthen the FTSE 250-listed company’s management after the launch of the ‘Reinvent’ strategy, which aims to unlock new market developments and accelerate core growth.

The departure of Price, who has been in the role for four years, was announced in May, around a year after Lewis joined the group.

Last month, as well as posting a 5% rise in interim revenues and profits on the back of good levels of energy switching and a solid performance in the insurance business, under the Reinvent banner, Moneysupermarket announced plans for a new mortgage business called Podium. This fintech unit is focused on building a comparison tool to make it easier for people to switch or choose the best mortgages.

Shares in the company were down 0.90% at 308.80p at 0925 BST on Thursday.