Moneysupermarket.com chief executive Peter Plumb is to step down.

Plumb has served at the helm of the Chester-based company for eight years and will leave “on or before” the group’s annual general meeting in 2017.

“Nearly eight years as CEO of the MoneySuperMarket Group have flown by,” he said.

“We’ve built trusted brands, put in place new platforms and made switching a habit for many UK households. 

“For me, it’s the right time to hand over the leadership baton and thank everyone in the team for their hard work and relentless determination to help more people save more money.”

The group released financial results alongside the announcement which showed a rise in revenues of 10 per cent.

However the Travelsupermarket arm of the business saw revenues drop 19 per cent in the first six months of 2016 due to “challenges in the holiday market”.

It recently invested £10.4 million on a new search aggregation engine and improving the customer user experience.

BusinessCloud's recent Tech 100 Rich List included Duncan Cameron, who was hired in 1991 by Moneysupermarket co-founder Simon Nixon to turn a mortgage magazine into what became the hugely successful comparison website.