UK property site Rightmove targets expansion in appointing new chief
Rightmove has appointed a new chief executive from outside the company in a bid to expand the UK’s largest property website and reverse a share price slide that has accelerated through the year.
Johan Svanström will take over as Rightmove boss in March next year, after the FTSE 100 group’s full-year results. He will replace Peter Brooks-Johnson, who stepped down after a 16-year spell at the company.
Svanström will join the group from Stockholm-based private equity firm EQT, where he is currently a partner in the growth advisory team.
This story originally appeared on: Financial Times - Author:George Hammond
