Portillion chief executive Stephen Knight has stepped down from his position with immediate effect after being diagnosed with a brain tumour.
Former Portillion chief finance officer David Hill has been appointed chief executive while Barry Searle remains as chief operating officer.
Chairman Gerald Gregory says: “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.”
First Action Finance head of communications Jonathan Cornell praises Knight’s enthusiasm and energy and believes there is no shortage of people wishing him a quick recovery.
He says: “He is a man who has done so much for the industry and has the most tremendous levels of passion and enthusiasm and I am sure that will help him beat this horrible disease.
“There are hundreds of people who Stephen has helped over the years and the whole industry is rooting for him.”
London & Country head of communications David Hollingworth says: “We all want to give Stephen our best wishes. Everybody in the industry will be thinking the same. He is very well known and well liked across the market.”