Property Industry Eye is reporting that Clive Rook is stepping down as a Director of Agent's Mutual, the owner and operator of OnTheMarket. He has decided not to stand for re-election to the Board.
Following this announcement, there has been speculation that he may have been losing confidence in Agents’ Mutual and its portal. In a statement, Rook made it clear that this was absolutely not the case.
Rook said: “I have very much enjoyed being a part of the Agents’ Mutual board and my estate agency firm, Rook Matthews Sayer, remains one of its biggest supporters.
“I take great satisfaction in what has been achieved so far and remain firmly confident about the prospects for the business.
“From a standing start, OnTheMarket.com has, within its first four months, already become an essential destination for anyone searching for residential property.
“I have no doubt that its momentum will continue to grow as it challenges the established duopoly of Rightmove and Zoopla Property Group.”
Ian Springett, chief executive of OnTheMarket, said: “Having helped guide Agents’ Mutual through the critical development and launch phases of OnTheMarket.com, Clive stepped down from his role as non-executive director, as anticipated, at a recent AGM.
“He did not seek re-election because he wishes to be able to focus more time on his highly successful estate agency business in the north-east.
“The board is grateful to Clive for all of his hard work.
“Agents’ Mutual’s board will continue to develop in line with the needs of the business. We have no announcements to make in this regard at this time.”