The Group Chief Financial Officer of Purplebricks, James Davies, has resigned from the company and is to be replaced by a former senior member of the Zoopla management team.
Davies has been with Purplebricks since May 2017 and joined from betting giant William Hill, but has not given any reason for his departure.
The writing was on the wall, however, when the usually reticent Davies gave a candid ‘swansong’ interview to a business magazine recently, in which he criticised its attempt to break into the US, explains why its Australia business flailed and denied that any of its online reviews were fake.
“I joined when it was a nascent challenger brand and today it ranks as the UK’s largest estate agency by volume,” says Davies today.
“I am proud to have been on that journey. Notwithstanding the current COVID-19 circumstances, the Company is in a strong financial position and ready for its exciting next stage of development and success.”
Davies’ last day will be on 8th May and he will be replaced by Andy Botha (left) who was Zoopla’s CFO until June 2019 but who, after a three month hiatus, joined upmarket online travel platform Secret Escapes where he has been in post for just eight months.
His previous experience prior to joining Zoopla included roles at Lastminute.com, Betfair and Notonthehighstreet.com.
Paul Pindar, Chairman of Purplebricks, says: “On behalf of the Board I would like to thank James for his hard work and dedication during his tenure at Purplebricks. We wish him the very best with his future endeavours.
“I am delighted to welcome Andy to the Board as Chief Financial Officer. Andy has a remarkable track record in growing digital businesses, and I look forward to working with him and the executive management team to execute Purplebricks’s strategy.”