If as Sky News has suggested Peter Long is being replaced, that means Countrywide is likely to need a new chairman, who will be responsible for protecting investors’ interests, such as the company’s profitability and stability.
So Countrywide will need a figurehead to keep the city happy, a safe pair of hands.
What is curious is that since 2018, Countrywide has been, with the departure of Alison Platt, without a Chief Executive Officer.
At present Paul Creffield in his role as Group Managing Director, it could be argued, is the company’s top decision-maker, and all other executives answer to him.
While he delegates many of the tactical responsibilities to other managers, he runs the show and focuses on the strategy and all the moving parts.
New chair and CEO?
Will Countrywide then restructure and have both a new Chairman and recreate the position of CEO?
Since 2018, and the departure of Alison Platt, there has been a vacancy for a CEO at Countrywide and now they need a new Chairman too.
Given the pandemic has speeded the digital landscape, working from home is being trialled, and the estate agency model is in a state of flux, what background should a chairman and a CEO of a real estate business have to de-risk Countrywide and get ahead of the game?
Should they be more Jeff Bezos or Elon Musk, a younger entrepreneurial breed, as agency becomes more a tech and data concern.
Agile and creative with a slimmed down sales force seems to be the direction of travel.