Moneysupermarket.com loses non-executive directors Michael Wemms and Robin Klein
Moneysupermarket, the price comparison site, yesterday announced the departure of two senior directors.
Michael Wemms and Robin Klein announced they would be standing down from the board at the company’s annual general meeting on 30 April.
Wemms, who has been the senior independent non-executive director since the site’s listing in 2007 and chaired the company’s remuneration committee between 2007 and 2013.
The role of senior independent director will be given to Rob Rowley, who also joined the company in 2007. Klein joined in 2013 as a non-executive director.
“Michael and Robin leave with the Board’s gratitude for their significant contributions to the success of the company. We wish them both the very best for the future,” said Bruce Carnegie-Brown, chairman of the company.
Last week, Moneysupermarket reported that revenue rose 10 per cent to £248.1m in 2014 after increasing its advertising expenditure and investing in technology. However, shares then sank on worries that the government will make price comparison sites compensate customers who fail to get better deals.