Countrywide has appointed a new Chief Operating Officer in the form of Bruce Marsh, a Tesco executive with a track record before that in DIY.
At Tesco he has been its UK and Ireland Finance Director since July 2015. Before that he worked for seven years at Kingfisher Future Homes, the owner of DIY giant B&Q.
Marsh is to report to Group Managing Director Paul Creffield and also serve as an executive director on the Countrywide board.
The company has also indicated that the appointment is part of a plan to bring in fresh blood as part of its ‘succession planning’ strategy, which industry commentators have suggested is part of a plan that will see the current senior management team make way.
This is likely to be part of a strategy to placate its weary shareholders, who are still waiting for a significant turnaround in the business.
“Bruce brings valuable management experience and a proven track record that will assist the Company’s turnaround strategy, and his appointment will complement and strengthen the executive team both now and for the future,” says Executive Chairman Peter Long (left).
Bruce Marsh, whose leaves Tesco alongside his boss Dave Lewis last week, says: “I am excited to join Countrywide and to help them with the next stage of their strategy.
“I’ve thoroughly enjoyed working with the excellent leadership team at Tesco and am proud of the progress we’ve made over the last four years.”
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