(Alliance News) - Moneysupermarket.com Group PLC said Wednesday that Chief Executive Officer Mark Lewis has indicated he intends to step down to "pursue his career in a new direction".
The FTSE 250-listed company did not give a specific date for his departure, but Lewis has said he wished to ensure a "smooth transition" to his successor.
The comparison website operator has started a formal search process for his replacement, looking at both internal and external candidates.
Lewis, who became CEO three years ago, remains in the role and fully engaged with the business in the meantime, the company said.
Moneysupermarket said it will present 2019 results on Thursday and these will meet market expectations.
Moneysupermarket shares were trading 1.9% lower in London at 310.95 pence each on Wednesday.
By Loreta Juodagalvyte; loretajuodagalvyte@alliancenews.com
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Moneysupermarket.Com (MONY)