Purplebricks CEO Sam Mitchell will be leaving his role, the online estate agency has confirmed.

According to a statement from Purplebricks, Mitchell will depart the company after seven years, having initially worked as head of Strike, before transitioning to Purplebricks following the takeover of the troubled brand last year for just £1.

Mitchell’s departure from the company was caused by Purplebricks’ decision to restructure its operation. The group will now operate with distinct businesses in sales, mortgages and lettings, with a fourth division to be announced in the coming months.

Mitchell, who previously worked for Foxtons, joined Strike in 2017. He will now work his notice period, and has not, as wrongly claimed in other areas of the trade press, been ‘booted out’ by Purplebricks.

The online estate agency issued this statement: “Purplebricks has reorganised for the next stage of its journey. The group will now operate with distinct businesses in Sales, Mortgages and Lettings, with a fourth division to be announced in the coming months. These businesses will continue to be run by their respective MDs, who will report into Andrew Harrison as executive chairman.

“As part of this reorganisation Sam Mitchell, CEO, will leave the business after a transition period. Andrew, the former CEO of Carphone Warehouse, and Sam have worked together to disrupt the estate agency industry since [2017], first at Strike and then at Purplebricks following the merger of the two brands in 2023. Sam will continue to work closely with Andrew over the coming months as Purplebricks’ new structure takes shape.

“Trading remains in line with our expectations, we recently were awarded Best Online Estate Agency at the ESTAS Customer Service Awards 2024 and are the largest UK estate agency in terms of number of listings.”