David Hill, formally Portillion’s CFO, is appointed CEO. Barry Searle remains as COO.
Senior management continue to be supported by the Board, led by chairman, Gerald Gregory. Investors have been informed.
Gerald Gregory, Portillion chairman, said: “We wish Stephen the best, and would like to note his enormous contribution over the years, and thank him for all of his inspiration and hard work.
“We are fortunate in having a strong and experienced management team here at Portillion. David Hill has accepted the role as CEO, and will be leading the management team into this next stage of our development.”
Robyn Hall, publisher of Mortgage Introducer, added: “Stephen has always been an inspiration to many and will continue to be so. He has played an incredible role in developing today’s entrepreneurial and innovative mortgage intermediary market. I’m sure the entire industry will join me in wishing Stephen a speedy recovery.”