StockMarketWire.com - Online price comparison group Moneysupermarket said chief executive Mark Lewis planned to stand down to 'pursue his career in a new direction'.

No departure date had yet been agreed and Lewis, who took the reins three years ago, indicated that he wanted to ensure a smooth transition to his successor.

'The board has initiated a formal search process for his replacement which includes internal and external candidates,' the company said.

'In the meantime Mark remains in role and fully engaged with the business.'



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