Home of Choice chief executive Richard Coulson is to become the network’s executive deputy chairman following a series of board changes.
Managing director Gerry O’Brien will take over as chief executive. His role as managing director is not expected to be filled in the near future.
Chairman Keith Baldwin says Coulson will remain operationally involved in the business, taking responsibility for strategy, policy and acquisitions, and will progress from deputy chairman to chairman in the future.
Coulson became chief executive in February 2006, having previously headed Zurich Mortgage Network which he launched in 2003.
Baldwin says: “To ensure the continuity of our business strategy, broker and customer experience and, above all, profitability, we have planned for and developed a strong and talented team and robust corporate governance structure.
“As we evolve from the start-up business of two-and-a-half years ago through to organic growth and market consolidation, the time is right for Home of Choice to make further changes.”2008 is the year we come of age. I am confident that the changes I have announced to the board will ensure Home of Choice continues to be at the forefront of mortgage distribution.”