Moneysupermarket kicks off secret hunt for next chief

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Former John Lewis exec Mark Lewis is to make a surprise exit as boss of the UK's biggest price comparison site, Sky News learns.

A former head of online at the department store chain John Lewis, Mr Lewis was a surprise choice for the job in 2016.

The company also owns MoneySavingExpert, the site set up by Martin Lewis, the renowned consumer champion. The market has become increasingly crowded, however, with some digital banks now promising to identify switching opportunities for utilities and other consumer service providers. Writing ahead of Thursday's earnings release, analysts at Shore Capital, the investment bank, said:"In addition to news on trading we will look to next week's result for evidence that the substantial investment undertaken in areas such as technology, mobile functionality and improving customer experience in recent years is bearing fruit and set to help drive medium- term organic revenue growth and a gentle margin expansion.

 

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