Purplebricks CEO to step down
Purplebricks Group
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16:30 15/06/23
Estate agency business Purplebricks Group said on Thursday that chief executive Vic Darvey had informed the board of his intention to step down due to personal circumstances.
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Purplebricks stated Darvey will leave Purplebricks at the end of March, with chief operating officer Helena Marston set to fill his shoes, with effect from 4 April, subject to the completion of customary due diligence checks.
The AIM-listed firm said Darvey had led it through "a period of considerable change", the Covid-19 pandemic and a business transformation since joining in January 2019, with the outgoing CEO responsible for overseeing the firm's exit from its loss-making international operations, as well as being behind the implementation of a new operating model for its UK business.
Purplebricks added that Marston had worked closely with Darvey on its strategy and new business model and had also implemented a number of its performance improvement initiatives herself.
As of 0910 GMT, Purplebricks shares were up 2.86% at 14.91p.