Moneysupermarket.com announces new chief executive

moneysupermarket.com has today announced the appointment of a new chief executive (CEO) after Simon Nixon, the current CEO and founder of the comparison site, confirmed he will be taking on a new role as executive deputy chairman.

Peter Plumb, managing director of financial services at moneysupermarket, will become the new CEO when Nixon moves over to his new role in February 2009.

Nixon founded moneysupermarket.com in 1999 and has succeeded in building the company up to be the country’s leading price comparison web site. It floated on the stock market in July 2007 and employs more than 500 people at its headquarters in Flintshire, north Wales.

He said: “I remain totally committed to moneysupermarket.com.  It is a fantastic business and I believe that if we continue to focus on meeting the needs of our customers – by helping them to save time and money – then it will only get better in the years ahead.  Building a business from scratch requires a different set of skills to running an established business.

“I’m an entrepreneur and my new role as deputy chairman will enable me to focus on what I’m best at – development and innovation. Meanwhile I will be handing my day to day management responsibilities over to Peter Plumb and the rest of the executive team.  We have a great team of people and between us all, we will work to ensure moneysupermarket.com remains the leading comparison site, committed to providing the best possible service to all our customers.

"As I change roles I'd like to thank all of you, our customers, for your support and your feedback, over the first nine years of moneysupermarket.com."

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