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Alex Chesterman CEO of Zoopla , Crude Oil price and the Markets, Stephen Morana CFO departs ZPG




Zoopla Property Group has announced chief financial officer Stephen Morana  [ pictured below] intends to leave the FTSE 250 company.
In a statement on Today, the company said a succession plan is “well advanced” and it will announce his replacement in due course.

He will continue in the role until his successor joins to ensure a smooth transition.

Founder and chief executive Alex Chesterman said Morana has played an important role as part of the company’s leadership team and has shown huge personal commitment.

“He helped to prepare the Company for its life as a public company, culminating in our successful IPO in 2014.

“He has been an outstanding CFO and whilst we will be sad to see him move on, we understand his desire to pursue new opportunities and wish him every success in his future endeavours."

Morana said he is sorry to be leaving but feels proud to be leaving the company in good health and with a strong growth strategy.
press release of Stephen Morana can be found here

[ZPlA] had bucked the trend on the FTSE 250 market, despite fears over global growth and plummeting oil prices.


click to enlarge 

Country Wide plc [CWD] shares rose on the news of  though  very vulnerable to market forces , with a CEO who is running out of excuses on performance and with investors.

whats  is interesting the trading results hark back to mortgage sales of 2014 before Alsion Platt Joined .
CWD buying a house builder and promoter of SMEs, makes good city headlines despite shares falling sounth since May last year.

[PURP]  good day for purplebricks.com , with years of  industry experience from the Bruce brothers , star star fund manager wood ford , dedicated team of property experts and tech developments on the horizon looking solid ensemble.   

[RMV] lacking future revenue streams ,to deal with future consumer confidence in technology innovation, unlike [zpla] who have U switch.

[SVS] Savills high street, euro investment partner  future will hinge on referendum and consumer confidence and interest in advancing technology innovation.



Only today the boss of BP has predicted that the oil price will rise in the second half of the year as demand increases from America and China and supply begins to ease as the US shuts down production.As the oil price fell to new 12-year-lows today, Bob Dudley said it would be a year of two halves, with lots of volatility in the first six months when the oil price could still spike downwards.
He said it was "not impossible" that the price could fall as low as $10 as some analysts are predicting but such a price would not be sustained.

"It has been low in the last year, I think it has been lower for longer but it is not lower forever,"

"I think it's going to be a year of two halves.
"We could see some real volatility in the first quarter and second quarter.

LR founder and CEO of Zoopla Alex Chesterman with Robin Klein a founding angel investor in the company.

In a rare interview in front of a live audience, held today at the london Jewish Arts, Culture & Community Centre JW3 for the benefit of a charitable Business Breakfast fundraiser. Alex Chesterman, CEO of Zoopla property [ZPLA] , Chesterman and Klein went on to discuss a number of topics 




He told the audience that.."I like being a disruptive force" predicting growth of house buyers doing full viewing of properties via their screens from home  

How in his 20's he was instrumental in planning & launching Planet Hollywood chain in the early 1990's. A famed Hollywood-inspired American restaurant chain with cinema music industry memorabilia cocktail bar.

James Cordon of the late show ,at US Las Vegas branch ,of Planet Hollywood. 

He went on to discuss an awful story of vile antisemitism & death threats received in wake of Anelka / WBA  sponsorship row, back in 2013. Which I could relate to, on a personal level ,coming from,British Hindu Asian,background.
Having commented in the past about Alex taking a more outward facing persona, he has won a lot of kudos for showing ,a little more of what makes him tick, with public engagement.
  

[AC] describes himself as "I'm category agnostic - film, property, beigles..presumably a wide spectrum of culinary delights ,movies and homes.  

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