Moneysupermarket’s chief financial officer Matthew Price is to step down as both CFO and as a director of the group later this year.

The firm said it has begun a formal process to appoint his successor, with Price “supporting a smooth transition” until he leaves on 31st October.

"Moneysupermarket is a great business and the last four years have been exciting and fulfilling,” said Price.

“It has been particularly rewarding to help develop the new strategic direction of the group, and to leave the business in a strong position as it executes against that strategy."

Chairman Bruce Carnegie-Brown said Price has made a significant contribution to Moneysupermarket's success.

“During that time Moneysupermarket… has returned over £230 million to shareholders in ordinary and special distributions,” he said.

“The financial management and control he instituted have been a vital factor in setting the company up for success in the next phase of its development."

CEO Mark Lewis said: "Since I joined in 2017, Matthew has played an important role supporting my transition into the business and the development of our new strategy.

“He has been a key member of the leadership team over the last four years and I wish him well for the future."