The outgoing chief executive of Moneysupermarket.com (MONY) has banked himself - and his wife - a nice retirement fund. Together Peter and Sarah Plumb have sold 544,580 of their shares to cash in a total of £1.84m. They both retain a minority stake in the company.
Mr Plumb took over the top job at the price comparison website in 2009, succeeding founder Simon Nixon. During his tenure the group's share price has risen five-fold. Mr Plumb's place atop the roster at Moneysupermarket will now be taken by Mark Lewis, a retail director at John Lewis, who previously worked as a managing director at eBay (US:EBAY). Analysts tend to agree that Mr Lewis's digital experience will be invaluable in this new phase, while Liberum analyst Ian Whittaker thinks investment in Moneysupermarket's technology platform could prove crucial to growing and protecting margins in the future.