21 października, 2022

UK’s Rightmove picks outsider Svanstrom as new CEO – Reuters

Oct 21 (Reuters) – British real estate website Rightmove (RMV.L) has named Johan Svanstrom, an outsider with vast experience of growing established business-to-business enterprises to consumer online marketplace businesses, as its next chief executive officer.

In May, Rightmove said Peter Brooks-Johnson, its CEO of five years, would leave the company in February 2023 following the announcement of annual results. read more

A Swedish national based in the UK, Svanstrom, 50, joins Rightmove from global investment firm EQT where he was serving

as a partner with its EQT Growth Advisory Team, the company said in a statement on Friday.

Svanstrom, who has also worked with U.S.-based online travel shopping company Expedia Group (EXPE.O), will join Rightmove on Feb. 20 as an executive director and CEO designate before assuming the top office on March 6.

London-based Rightmove cemented its dominant position in the market under Brooks-Johnson’s leadership, offering steep discounts to agency and new-home customers during the early days of the pandemic.

Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Rashmi Aich

Our Standards: The Thomson Reuters Trust Principles.

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