Rightmove’s CEO Nick McKittrick is to retire and leave the company at the forthcoming AGM on 9 May this year, although he will remain until June ‘to ensure a smooth transition process’.
This brings an era to a close at the company, as McKittrick was one of the company’s founding executives.
McKittrick worked as a technology consultant at Accenture before joining the team that began Rightmove in 2000, helping see off early rivals such as Assertahome and Propertyfinder. He was appointed to the board in 2004, made Chief Operating Officer in 2005, Finance Director in 2009 and Chief Operating Officer in 2013.
The current COO, Peter Brooks-Johnson who like McKittrick is a board member, and has been in role since 2011, will take McKittrick’s job.
“Nick has served Rightmove with 16 years of leadership, as remarkable for his success as with the modest way he has achieved it,” says Rightmove chairman Scott Forbes.
“I speak on behalf of the Board and Rightmove employees when I say that we will miss Nick on both a personal and professional level.
“We have greatly appreciated his contribution to Rightmove’s success and we wish him the very best for the future”
McKittrick can afford to retire. As well as a pay package benefits package of £2.12m he cashed in shares during 2015 worth £7.4 million, and retains shares worth £5.2 million and options worth another £14 million.