Rightmove has this morning named Andrew Fisher as its non-executive chairman, stepping into the role on January 1.
He succeed Scott Forbes, who retires on December 31 after more than 14 years as Rightmove’s chairman.
Fisher was previously chief executive and executive chairman of Shazam, where he was described as being instrumental in developing and executing a growth strategy "to establish one of the world’s leading mobile consumer brands."
He is currently a non-executive director of both Marks and Spencer Group plc and Moneysupermarket.com Group plc and was previously a non-executive director at Merlin Entertainments.
Rightmove’s chief executive officer, Peter Brooks-Johnson says: “I’d like to thank Scott for his invaluable contribution to Rightmove’s success over the past years and particularly the support he’s shown me over the past three years as CEO. I’m delighted to welcome Andrew to Rightmove and look forward to working with him as we continue to innovate to make home moving easier.”
And Scott Forbes adds: “It’s been a privilege and pleasure to have been part of Rightmove’s journey from pre-IPO in 2005 to the FTSE 100 business it is today. I have thoroughly enjoyed working with so many talented people seeking to serve customers and home hunters and engaging with shareholders who have been most supportive for many years. It is with great pleasure and confidence that I hand over the Chair to Andrew. His experience developing innovative digital businesses will be a great asset to Rightmove.”
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Now I am not sure what the imminent installation of Andrew Fisher means for the future of Rightmove. Here is an extremely intelligent, team player, who is modest and to quote him, 'My specialty has been helping develop and drive the adoption of new technologies to hundreds of millions of people, and my ambition is to help others to continue to do this and encourage them to believe that they can have a positive impact on a global scale.'
Now although Andrew's background academically was not tech, the phenomenal success he had with Shazam, the app that apple can not get enough of, begs the question - is he going to steer Rightmove down the path of 'vendors' using apps to self list, or develop better tech for property agents?
Time will tell, but with a very healthy bank balance it will be interesting to see what creature Rightmove turns into by the year 2025.
Agents and commentators continue to speculate about portals turning themselves in to self-listing sites. If this did become a reality, what evidence is there to suggest that the traditional FSBO sector would increase to a size that would seriously threaten the High Street estate agent offering?
Property Pundit, it is not so much a race to the tape for property portals to allow self listing sites, it is more that month by month consumers are becoming more and more dashboard kings and queens, able to view transactional progress in real time.
So, the sale and purchase of one's largest asset, why would you not want to be in pole position for that? I think the portals would love to keep the status quo, but the ever savvy, tech guzzling millennials and even more demanding (and why not) Gen-Z are not going to 'walk' into high street agents to do business, or solicitors offices, of banks or building society's to do finance, if they can do that journey on their phone/dashboard on their phone.
As to why it would take off? Well, the tech and the will is now here, encrypted contracts, the conveyancing world being challenged to speed transactions even Land Registry is getting on board - a sign that a big change is coming.
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