Paul Chapman, the most senior member of Countrywide’s management team, is to leave the business today, an insider has told The Negotiator.
Chapman is the company’s Chief Operating Officer (COO) and joined the company nine years ago, initially as its Head of Field Operations, then as Group Professional Services Director and later as its National Managing Director for sales and lettings before landing the COO role.
His departure from the company coincides with the departure of his bosses to – both Chairman Peter Long and Group Managing Director Paul Creffield.
Both are due to leave the business when the proposed debt re-financing deal goes through via major shareholder Alchemy, which is to inject £90 million into the business in return for shares.
Chapman’s departure means three of the top seven jobs at Countrywide have now been vacated or replaced and leaves a vacant position in the company’s PR machine; Chapman was the company’s official spokesperson on housing market matters.
Long is to be replaced by former M&S digital chief Carl Leaver (left) while Creffield is to retire and a CEO is being hired to replace his role. This leaves the rest of management team in place including Group CFO Himanshu Raja, financial services boss Peter Curran, surveying MD Paul Wareham and Group HR director Dan Thompson.
Chapman is a particular loss – he has over 20 years of experience in the property industry, is a Fellow of the Royal Institution of Chartered Surveyors and holds an MA in Business & Management from Durham Business School.
Before joined Countrywide Chapman worked at Lloyds where he worked at Halifax Intermediaries and Colleys Surveyors.
The Negotiator has approached Countrywide for comment.