New Rightmove CEO is former McDonald’s and Expedia senior


Rightmove has found a new CEO some five months after the incumbent, Peter Brooks-Johnson, revealed he intended to leave the company he joined 16 years ago.

His replacement is Swede Johan Svanström who will formally take over after the company reveals its full-year results in March next year.

He has a long track record in senior-level business but not property, having recently led holiday bookings firms and before that Expedia, where he grew revenues.

Svanström began at Expedia as one of the company’s first employees in Asia, where he led the effort to set up the company’s operations across the continent.

He joined Expedia from McDonald’s, where he led several successful major projects within the company’s Digital Innovation Group, having previously held CEO and leadership positions in telecommunications and internet start-ups.

Swedish national

A Swedish national based in the UK, Svanström currently serves as a Partner, EQT Growth Advisory Team, which is part of EQT, the global investment organisation.

andrew fisher rightmoveAndrew Fisher, Chair of Rightmove (pictured) says: “I would like to thank Peter for his outstanding leadership as CEO over the past five years and for his significant contribution to the Company throughout the past 16 years.

“I am delighted to welcome Johan, whose proven ability to scale established companies along with his digital acumen and experience of marketplaces will continue to add significant value for our customers, home hunters, shareholders and team.”
Svanström adds: “I’m very excited to join Rightmove and look forward to building on the Company’s strong position and partnership model together with the team.

“Technology continues to provide opportunities to grow markets and create efficiencies everywhere. Rightmove has a long runway of opportunities to innovate, digitise and create ever more value for users, customers, and the wider eco-system.”

Svanström has a big job ahead of him – Brooks-Johnson knew the industry personally with many of its influential names on his speed dial, an advantage the new CEO will not have.

Go to Publisher: Proptech Archives – The Negotiator
Author: Nigel Lewis