As usual in these circumstances there's a word of thanks from the company chairman - laced with news of what is effectively a humiliating sacking for Springett.
OTM Chairman Christoper Bell says:
"On behalf of the board and all our colleagues I would like to thank Ian for his hard work and commitment over many years. He has played a major part in helping establish OnTheMarket.com as one of the UK's leading residential property portals and we wish him every success in the future.
"Our commitment to building a strong, agent-backed, profitable and technology-enabled business remains undiminished. However, to continue our progress toward this objective and take OTM forward through the next phase of its corporate development, the board believes now is the right time to appoint a new chief executive."
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