Purplebricks Group PLC Purplebricks appoints interim CEO for US business
20 Maio 2019 - 4:00AM
RNS Non-Regulatory
TIDMPURP
Purplebricks Group PLC
20 May 2019
20 May 2019
Purplebricks Group plc
("Purplebricks", the "Company" or the "Group")
Purplebricks appoints interim CEO for its US business
Purplebricks Group Plc (AIM: PURP), a world leading hybrid real
estate agency, has appointed Phil Felice as interim Chief Executive
Officer of its US business. Phil will play a pivotal role in
determining the Group's options for delivering the next phase of
growth in the US.
Phil served as Purplebricks' US Vice President of Sales from
2017-2019 and was appointed as Executive Vice President of
Purplebricks US earlier this year. He brings extensive experience
in the US real estate industry most recently having spent two years
as Head of Sales at Hubzu, a leading online marketplace for
end-to-end real estate auctions, and previously as a Vice President
at Realogy and at Foxtons.
Vic Darvey, Group Chief Executive Officer, commented: "We are
currently assessing a number of different scenarios around how we
operate in the US but remain optimisitc about the opportunity for
Purplebricks here. Phil will be fundamental in helping us develop a
more sustainable business model, based on a tested and
cost-efficient strategy."
Phil Felice, interim US Chief Executive Officer, commented:
"Purplebricks has made positive headway with our brand awareness
and engagement in the US to date. Over the coming months, I look
forward to working closely with Vic and the leadership team as we
develop our strategy for the US business and show our customers a
more convenient, transparent and cost effective way of buying and
selling their homes."
Purplebricks will provide a further update on the progress of
its US strategic review at its full year results on 3 July
2019.
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Enquiries
Purplebricks +44 (0)20 7466 5000
Vic Darvey, CEO
James Davies, CFO
Adam Kay, Head of Investor Relations
Zeus Capital (NOMAD) +44 161 831 1512
Nick Cowles, Jamie Peel
Buchanan +44 (0)20 7466 5000
David Rydell, Jamie Hooper, Catriona Flint
Forward-looking statements
This announcement includes statements that are, or may be
considered to be, "forward-looking statements". By their nature,
such statements involve risk and uncertainty since they relate to
future events and circumstances. Results may, and often do, differ
materially from forward-looking statements previously made. Any
forward-looking statements in this announcement reflect
management's view with respect to future events as at the date of
this announcement. Except as required by law or by the AIM Rules of
the London Stock Exchange, the Company undertakes no obligation to
publicly revise any forward-looking statements in this announcement
following any change in its expectations to reflect subsequent
events or circumstances.
About Purplebricks
Purplebricks is a world leading hybrid real estate agency. Based
in the UK, it also operates in the US, Canada and is invested in
Homeday.de in Germany. Purplebricks combines highly experienced and
professional Local Property Experts (US: Local Real Estate Experts)
and innovative technology to help make the process of selling,
buying or letting more convenient, transparent and cost effective.
Purplebricks shares are traded on the London Stock Exchange AIM
market.
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END
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