Chief Financial Officer quits OnTheMarket to pursue new opportunity

Leading portal OnTheMarket has announced this morning that Clive Beattie has resigned as Chief Financial Officer 'to pursue another opportunity'.

According to a note to the London Stock Exchange this morning, the OTM board has appointed Korn Ferry, an organisational consulting firm, to recruit a permanent replacement.

Beattie, who was Acting CEO for nine months from March 2020 after the board sacked former CEO Ian Springett, and was widely seen as the architect of OTM being more responsive to agents, something which current CEO Jason Tebb has continued, will remain with the firm as CFO and a board director until Friday 27 January 2023 to ensure an orderly handover.

Chris Bell, chairman of OnTheMarket, commented: "On behalf of the Board, I would like to express our thanks to Clive for all that he has done for OnTheMarket, from supporting with our successful AIM listing in 2018, to becoming Acting CEO and ensuring OnTheMarket emerged from the Covid pandemic stronger, through to the launch of our new strategy."

Tebb added: "I would like to personally thank Clive for his support since I joined the business 18 months ago and for helping to execute our strategy of becoming a tech-enabled property business. I wish him well for his future endeavours."

Beattie himself said: "It has been a great pleasure working with the team at OnTheMarket and experiencing first-hand the evolution of the Group. I would like to wish Jason and the team all the very best for the future and look forward to watching their continued success."

Beattie joined OTM in March 2017, having previously spent three years as CEO/CFO at Croft Associates, a business specialising in containers for the transport and disposal of radioactive materials.