The chief executive of price-comparison site Confused.com has left the business. South African-born Carlton Hood joined the Cardiff-based subsidiary of Admiral Motor Insurance in 2008.
In the face of fierce competition in the price-comparison site market Confused .com posted profits of just over £25m last year, broadly in line with 2008.
Earlier this year it launched a new television campaign, after admitting that its previous campaign had not had the desired effect.
A spokeswoman for Confused said: “We can confirm Carlton Hood has decided to leave the business and Kevin Chidwick has taken over as managing director with immediate effect. Carlton made a significant contribution to Confused.com and we wish him every success for the future.”
Yesterday Admiral, an FTSE 100 company, announced a new appointment to its board. Colin Holmes has joined as a non executive director with immediate effect. He has also joined Admiral’s audit and remuneration committees.
Chartered accountant Mr Holmes has more than 20 years of financial, commercial and operational experience gained through a number of executive positions within Tesco. Until recently, he was Tesco’s UK commercial director for fresh foods and a member of the group executive committee.
Since 2006, Mr Holmes has been an independent non-executive director on the board of Bovis Homes Group and is the chairman of Bovis Homes’ remuneration committee.
Alastair Lyons, Admiral Group chairman, said: “I am delighted that we have been able to add Colin Holmes to our board and, in due course, provide succession to the role of audit chair when Martin Jackson completes his three terms.”
Source : Wales Online
