OnTheMarket.com, the No. 3 real estate portal in the U.K., has appointed Jason Tebb as its new CEO. He replaces acting CEO Clive Beattie, who took over the position after Ian Springett was axed in March.

When Springett left, the company said it wanted a CEO who could lead the next stage of the portal’s development “and its commitment to becoming a strong, agent-backed, profitable and technology-enabled business.” Beattie, then the company’s CFO, took on the additional role of acting CEO and said he wanted the job permanently.

Tebb (LinkedIn profile) has over 20 years of experience in the property sector. He comes to OnTheMarket from Ultimate Holding Group, a property development and investment company, where he was COO. Tebb has also held senior positions at LSL, Chestertons and Foxtons, all of which are real estate agencies. He previously launched his own agency, Ivy Gate.

OnTheMarket is backed by agents who earn shares in the company if they sign full-fee contracts. The company hopes his first-hand experience working with agents will strengthen relationships with its agents.

“As a business, OnTheMarket has solid foundations with strong operational momentum, said Tebb. “There are clear opportunities for growth by working with the estate agent community to develop our differentiated portal offering, build a profitable, sustainable and technology-led business; and deliver value for our stakeholders.”

In a statement to the London Stock Exchange announcing the appointment, non-executive chairman Christopher Bell said: “We believe Jason has the skills and sector experience to take the group forward and achieve our objective of building a strong, agent-backed, profitable and technology-enabled business.”

OnTheMarket’s interim results for the six months to October are set to be published next month. In June, OnTheMarket announced its results for 2019 that showed revenue increased by 32% year-on-year. But the company continued to lose money — £11.5 million ($15.4 million U.S.), to be precise.

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