Rightmove has announced that chief executive Peter Brooks-Johnson will step down from the board and leave the company in the coming year.

Brooks-Johnson, who has spent more than 16 years with Rightmove, will continue as CEO until the announcement of the firm’s full-year results in February 2023, and will assist with the recruitment of his replacement and “a smooth and orderly handover”. Brooks-Johnson took over as CEO in 2017.

Chairman Andrew Fisher said: “Peter has made a significant contribution to the success of Rightmove over the past 16 years and whilst we are disappointed that he will be leaving the business, we understand his decision.

“Under Peter’s leadership Rightmove has helped make home moving easier and with a robust strategy and very strong team, the Company is well placed to pursue the opportunities ahead.”

Brooks-Johnson commented: “I have thoroughly enjoyed my journey at Rightmove, working with a hugely talented team who have taught me an immeasurable amount. Rightmove is an amazing company, with a clear focus and a relentless energy to innovate, which it has been a privilege to serve. I’d also like to thank our customers for their support and loyalty over the past 16 years.

“With Rightmove progressing well on its mission to make home moving easier and our strong trading from 2021 continuing into 2022, I have decided it is an appropriate time to seek a new challenge.

“I continue to be hugely enthusiastic about the company and the opportunities we see ahead. I have no doubt that Rightmove will continue to deliver for home hunters, customers and shareholders for many years to come.”

On a separate note, Rightmove has announced it is confident in delivering its expectations for the current year and in the prospects of the company for the years to come.