Rightmove’s new chief financial officer has a basic salary of £390,000 plus bonus options coming to a potential total of £1.75m.
Alison Dolan has been named as CFO, and she will take up her post on September 7 - at roughly the same time that agents may be considering their next move in the saga over Rightmove’s charges for listing agents’ properties.
Dolan was previously chief strategy officer at News UK for four years - before that she was at Sky.
A statement to shareholders this morning announcing Dolan's appointment, says: "Her base salary is £390,000, with a pro-rata 2020 bonus opportunity of up to 175 per cent of salary (60 per cent of which will be in deferred shares) and a pro-rata performance share award of up to 175 per cent of salary."
Peter Brooks-Johnson, Rightmove’s chief executive officer, says Dolan has “extensive commercial and strategic expertise and a strong background in digital media services [and] will be a valuable addition to Rightmove’s leadership team.”
Dolan herself adds: “I am very excited to be joining Rightmove and am looking forward to working with the team in our quest to make home moving easier in the UK.”
Her appointment comes as Rightmnove is reported to be making a small number of staff redundant as a result of restructuring.
On Friday of this week Rightmove releases its financial results for the first half of 2020, with industry observers keen to see if there is a further loss of agency branch membership beyond the 1,238 fall - including agent offices and new home developments - announced earlier this year.
The Say No To Rightmove campaign group says it predicts a further drop-off in membership despite the continuation of reduced fees until October.
"We at Say No To Rightmove believe Rightmove should be doing much more to help its customers through the uncertain times ahead. Its results announcement would be an opportune time for it to show that it has learnt from its experience in March when it was forced to revise its initial ‘plans to help support’ its customers" says campaign leader Rob Sargent, chief executive of the Acorn group of estate agencies.
He says that of those agencies who have already quit Rightmove, many are trading perfectly well.
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Dolan herself adds: “I am very excited to be joining Rightmove" .... I bet you are for £2 million quid ! Happy Days !
They will be affected as time goes on by say no to rightmove as people now know that on the market and zoopla have all properties whereas rightmove don't.
I do not think the majority of the buying public do know that
On full earnings, that's equivalent to 145 branches fees fort a year. Let that sink in.
Blimey, I think I'd be pretty excited about getting that much money for going to work!!! Ridiculous at this time when agents are struggling and jobs are being lost.
Not to mention the 9 people who are being made redundant. I guess that financial saving nullifies the cost of this signing, shame on rightmove.
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