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Alex Chesterman steps down as CEO of Zoopla parent company ZPG

first_imgZoopla co-founder Alex Chesterman has stepped down from his position as CEO of parent company ZPG following its purchase by US equity firm Silver Lake Partners in July.Unusually for such a large company, no successor has been named yet.Chesterman will no longer be involved in the day-to-day running of the company from the end of September but will remain a board member, shareholder and advisor.The serial entrepreneur no longer needs his CEO’s salary. In 2014 he made £27.5 million following ZPG’s stockmarket flotation and later sold shares worth £25 million. He holds additional share options in ZPG worth £63 million.Chesterman’s departure from the helm of his £300m turnover company has been expected within the industry since Silverlake hoovered it up for £2.2 billion.No.2 portalThis was the end-game of Chesterman’s ZPG journey, which kicked off in 2007 when, armed with several million pounds he had earned from the sale of DVD movie business Love Film, he set out to create a No.2 in the portal market.His strategy was a simple one – establish a new portal brand but then buy up all the small and large competitors to Rightmove to gain market share.This included Think Property and Propertyfinder as well as, five years ago, his break-through deal with the Daily Mail General Trust to acquire its portals PrimeLocation and FindaProperty.It was also Chesterman’s idea to turn Zoopla into a horizontally integrated group of companies each involved in the purchase, letting or management of a home and the running of estate agency businesses.He also ran ZPG in a relatively unusual way during the early days via a flat management structure which enabled the company to move quickly.Chesterman’s increasing level of angel investment in dozens of start-ups including Fuel, Carwow and Secret Escapes recently has pointed to his imminent departure, as has his purchase of a second holiday home on the Palm Beach seafront in Florida next to his existing one.“After ten years of developing and growing ZPG into a multi-billion pound market-leading business, now is the right time for me to step down as CEO,” he says.“I am incredibly proud of what the team has achieved, having transformed the markets we operate in for both our consumers and partners.”  Alex Chesterman Zoopla ZPG September 7, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Marketing » Alex Chesterman steps down as CEO of Zoopla parent company ZPG previous nextMarketingAlex Chesterman steps down as CEO of Zoopla parent company ZPGEleven years after establishing the No.2 property portal in the UK the OBE holding serial entrepreneur is to focus of his ‘other investments’.Nigel Lewis7th September 201803,625 Viewslast_img read more

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Festive season prompts bakery donations

first_imgA raft of baked goods are to be donated to charities for the homeless as the festive season puts people in a giving mood.Craft bakery Hobbs House has teamed up with FareShare, a national charity based in Bristol, which tackles the issues of food and waste poverty, so that its unsold loaves will go towards the cause.   “Until we find an accurate way of knowing how many loaves we will sell every day, we are honoured to play a titchy part in sharing the blessing of real bread with people that need it,” commented Tom Herbert, baker and director at Hobbs House.Snooker star Ding Junhui, who won the Pukka Pies UK Championship, has said he will donate part of his prize of 69 kilos of Pukka Pies – that’s 267 pies – to Sheffield voluntary group, Homeless and Rootless (HARC), which helps homeless people over the festive period.Also donating food to the homeless this Christmas is The Really Welsh Trading Company and ingredients specialist Beacon Foods. They have teamed up to provide 900 ready meals to South Wales charity Llamau.last_img read more

Job losses at Allied

first_imgAllied Bakeries, the company behind Kingsmill, Allinson and Burgen, plans to shut a distribution centre in Flintshire, which will put 53 jobs at risk.Allied said the decision to close the Chester Road site in Saltney was part of an “efficiency review”.The depot is due to shut in November. The company has started formal consultations with staff and unions, and said it hoped jobs could be found in other parts of the business or the wider parent company, Associated British Foods (ABF).Alyn and Deeside MP Mark Tami said the company was working to keep job losses to a minimum: “I was very disappointed to hear the news. My thoughts are with all the employees during this unsettling time.”I must commend the representatives of Allied Bakeries for all their efforts to keep the site open. Unfortunately it is a very competitive market and now we must focus on offering the employees who will be affected by this the necessary support – something I’m sure they will receive from Allied Bakeries and the relevant bodies.”Some staff will be offered the opportunity to relocate to work at the firm’s Stockport site.A spokesperson from Allied said: “We are currently consulting with our employees and their union representatives about these proposals, which if accepted would, regrettably, result in 53 people being placed at risk of redundancy.“We understand that this will be a difficult and unsettling time for our employees and their families. If the proposals are accepted, every effort will be made to help those people affected secure alternative employment, either within other parts of Allied Bakeries operations, or externally in the local area.”The company added that the decision “in no way reflects the commitment and efforts of those affected”.The Bakers, Food and Allied Workers Union (BFAWU) said it would be meeting management from Allied Bakeries on Wednesday (20 July).In March, Sunblest pancake production was overhauled at Allied East Belfast plant.last_img read more

Harvard to guarantee workers’ pay, benefits amid coronavirus disruptions

first_imgHarvard also announced today that it is providing financial stabilization for the six independent nonprofit child-care centers on the University’s campuses. The support package will enable the centers to ensure employment, pay, and benefits for about 180 employees through June 30, even if closures related to COVID-19 remain in effect. Under normal conditions, these centers serve 380 families in the Boston, Cambridge, and Harvard communities.The new updates to Harvard’s human resources policies build on previous enhancements that continued pay for 30 days for employees who no longer had work available after the majority of the University’s student population left campus and allowed workers to use up to 14 days of unearned sick leave in advance.“As the situation regarding COVID-19 has evolved, the human resources community at Harvard has continued its commitment to updating our policies to best support the University’s workers,” said Vice President for Human Resources Marilyn Hausammann. “These enhancements to the pay continuation policy and to the extension of coverage to employees of our key vendors illustrate how important it is to adapt during these challenging times, and more importantly, they show the deep appreciation the University has for its staff members and the contributions they make to Harvard every day.” Managing the coronavirus exodus from campus Jeffrey Frankel cites domino effect of problems in China, huge U.S. deficit, likely decline in jobs and spending Amid the upheavals to campus life brought by the coronavirus pandemic, Harvard announced today it would guarantee pay and benefits through May 28 to its employees and contract workers who have experienced job disruptions since March 10, when the University announced the move to virtual classes.“For our workforce, who each day are so critical to the success of this institution, this unprecedented public health emergency has created innumerable challenges,” wrote Executive Vice President Katie Lapp in an email to University leaders announcing the changes to human resources policies. “The steps I share today are aimed at providing greater certainty for them in these uncertain times with regards to their pay and benefits, and greater stability for them and their families.”The extension of regular pay and benefits to Harvard employees, including administrative, professional, support staff, and service and trade workers, covers those who are well and available to work, but whose duties cannot be performed remotely, including dining and custodial services. Harvard will also expand eligibility for this guarantee to part-time contingent employees who work less than half time.“This is a positive announcement for HUCTW members that we’re very pleased to see,” said Carrie Barbash, president of the Harvard Union of Clerical and Technical Workers. “We’ve been in serious ongoing conversations with University administrators about how the virus affects our members, and they have been responsive and positive. At such an incredibly challenging and unprecedented time for so many people in the U.S. and in our community, it’s heartening to see this good citizenship from the University — Harvard taking care of its committed and hard-working staff, both union and nonunion.”Contract employees from Harvard’s 14 major service suppliers working in security, dining, and custodial roles will also be eligible for extended pay and benefits. Harvard is working directly with these supplier companies to ensure continued support for those who are well and available for work, but displaced from their contract assignments by the coronavirus pandemic and therefore unable to obtain new assignments. “We applaud Harvard for doing the right thing and implementing a leave policy that will allow both contracted and directly employed workers to make ends meet during this unprecedented crisis.” — Roxana Rivera, 32BJ Service Employees International Union “UNITE HERE Local 26 commends Harvard for making the right decision for its dining hall workers and the public at large,” said the union’s president, Carlos Aramayo. “Nothing can reopen until we tackle this public health crisis head-on. Compensating workers, whether they are direct employees or subcontracted employees, who are staying at home to help solve this crisis helps ensure no one has to face unnecessary financial burdens during this already difficult time.”“We applaud Harvard for doing the right thing and implementing a leave policy that will allow both contracted and directly employed workers to make ends meet during this unprecedented crisis,” added Roxana Rivera, vice president of 32BJ Service Employees International Union. “Having access to pay and health care benefits will give the 1,000 cleaners and security officers 32BJ represents at Harvard peace of mind knowing they can stay safe and healthy while continuing to feed their families. These workers have been at the frontlines of fighting this virus, keeping the campus clean and safe for the entire Harvard community even as students go back home, and we’re glad that Harvard is acknowledging their important service.” Coronavirus likely to infect the global economy Harvard’s Lipsitch urges public to ramp up social distancing, increase coronavirus tests ‘Worry about 4 weeks from now,’ epidemiologist warns Why odds of a coronavirus recession have risen Related Campus Services VP Meredith Weenick on Harvard’s work to prevent the spread of disease and help students move out on a tight timeline Business School’s Shih expects disruptions for nations trading with China and for manufacturers dependent on it for components for electronics, consumer products, and pharmaceuticals The Daily Gazette Sign up for daily emails to get the latest Harvard news.last_img read more

Delaware River, surrounding economies get big boost with federal grant

first_imgThe grant is a matching grant, meaning $800K in total will be poured into the projects. The executive director for FUDR said the grant offers new opportunities. The US Fish and Wildlife Service grant will be used to improve trout habitat and increase river access along the Delaware. The grant will be used to implement five stream restoration projects, such as replacing failing culverts, connecting floodplains and increasing outreach to the community. Not only will this grant improve trout habitats and ease river access, it will also help the towns and the surrounding areas avoid major flooding by fixing failing culverts. HANCOCK (WBNG) — The Delaware River is getting by with a little help from its friends.center_img “Significant new resources like never before are now coming in to the Upper Delaware region of New York State where we are today to do multiple kinds of projects; these are actual on the ground, dirt moving projects,” said Jeff Skedling. Officials say not all but much of the town’s economy is driven by the river and the tourists who come to fly fish, boat, or engage in other types of recreation. The Friends of the Upper Delaware River (FUDR) received a $400K grant from the federal government, and officials say this will benefit much more than just the wildlife.last_img read more

A large decline in the number of trips of foreign ships for cruises on the Croatian Adriatic

first_imgIn the first seven months of 2020, only 16 cruises of foreign ships were realized In the period from January to July 2020, seven foreign cruise ships entered Croatian seaports, which made 16 cruises. There were 3 passengers on these ships, who stayed in Croatia for 762 days. In the period from January to July 2020, the number of foreign cruise ships in Croatian seaports decreased by 87,7% compared to the same period in 2019. Source: CBS In the first seven months of 2020, foreign cruise ships decreased by 95,6% and the number of days spent on the Croatian Adriatic by 92,9% compared to the same period in 2019. The number of passengers on these ships compared to the same period In 2019, it is lower by 99,3%. Out of a total of 16 cruises, 75,0% of trips were realized in Dubrovnik-Neretva County, while the remaining 25,0% of trips were realized in Istria County. Measures introduced to prevent the further spread of the COVID-19 pandemic directly affected the reduction in the number of foreign cruise ships in Croatian seaports in March and July 2020 and their absence in April, May and June 2020. last_img read more

US doctors group calls for transparency in COVID-19 vaccine development

first_imgCountries around the world are racing to develop a vaccine for the viral disease which has claimed more than 819,900 lives and infected nearly 23.9 million people globally, according to a Reuters tally.In April, the US government initiated Operation Warp Speed and has so far invested billions to secure doses of potential vaccines from across the world.Warp Speed aims to expedite development of a vaccine and therapies to treat the novel coronavirus, and the emphasis on speed has provoked public anxiety about the safety and effectiveness of these vaccines.Earlier this month, Russia became the first country to grant regulatory approval to a COVID-19 vaccine after less than two months of human testing. However, Western experts have warned against its use until all internationally approved testing and regulatory steps have been taken.In August, top US infectious disease official Anthony Fauci said the FDA was not cutting corners on safety in its review of vaccine candidates for COVID-19. Topics : The rapid pace of COVID-19 vaccine development and scant information about the US Food and Drug Administration’s (FDA) vaccine review process are leading to concerns, the American Medical Association (AMA) said on Wednesday.In a letter, the AMA urged the FDA to ensure transparency in the vaccine development process and keep physicians informed of the agency’s plan for review of potential vaccine candidates. Vaccine hesitancy among the public appears to be reaching unprecedented levels due to a number of factors including significant spread of misinformation through channels such as social media, according to the AMA.last_img read more

Marcos Rojo says his relationship with Van Gaal is ‘normal’

first_imgManchester United defender Marcos Rojo has described his relationship with boss Louis van Gaal as “normal”. Press Association The 25-year-old did not play in any of United’s first seven games this term and only two of the opening 13. But he has started all six since then, earning praise – including from Van Gaal – for his efforts at left-back. And asked if he had a good relationship with Van Gaal, Rojo was quoted on Tuesday as telling ESPN: “It is normal, as with any other coach. “I don’t ask him why he includes me in a game when I play, so I don’t have any right in asking him why I don’t play when he decides that I don’t have to do it. It’s as simple as that. “Van Gaal does the same as any coach in the world. He decides who plays according to what he sees during the week, he chooses the players that he sees in the best condition and we have to accept all the decisions that the coach takes”. Rojo added of Dutchman Van Gaal, who has a reputation for an uncompromising style of management: “He is a very professional coach, he wants to get out the very best from each one – that doesn’t mean that he is rough. “He wants his work to have success and we have to understand what he expects from each one of us.” center_img Relations between the pair appeared strained not long ago, with Van Gaal reportedly angry at Rojo over the summer that passport issues had prevented him from joining up with the United’s pre-season tour. It had looked as if the Argentina international might leave the club only a year after his arrival from Sporting Lisbon and, after a move did not materialise, there were then further problems for Rojo when Van Gaal in September claimed he had failed to tell him about a hamstring injury he suffered. last_img read more

Ellsworth swim earns Senior Night sweep against Washington Academy

first_imgELLSWORTH — Ellsworth High School swimmer Talor Hamilton broke his own 100-yard backstroke team record at Saturday’s home meet against Washington Academy.Hamilton, a senior, won the race with a time of 51.79 seconds, breaking the 52.26-second record he set in 2015.In Ellsworth’s last home meet of the season, the Eagle boys and girls swept WA. The Ellsworth boys won with a score of 127-22, and the Ellsworth girls won 111-33.Ellsworth senior Talor Hamilton adjusts his goggles at his last home meet of his high school career on Saturday against Washington Academy.PHOTO BY KAREN BARONThe team also celebrated Senior Night by recognizing seniors Hamilton, Cooper Holmes, Zack McGraw, Katie Walton, Jessica Cohen and Sarah Eaton.This is placeholder textThis is placeholder textIn addition to the boys’ 100-yard backstroke, Ellsworth swimmers won the following events:Girls’ 200-yard medley relay: Leah Stevens, Sidney Hamilton, Katie Hammer and Ellie Clarke in 1:07.32.Boys’ 200-yard medley relay: Talor Hamilton, Cooper Holmes, Richie Matthews and Camden Holmes in 1:42.60.Girls’ 200-yard freestyle: Ellie Clarke in 1:15.61.Boys’ 200-yard freestyle: Beckett Markosian in 2:06.94.Girls’ 200-yard individual medley: Sidney Hamilton in 2:32.15.Boys’ 200-yard individual medley: Sam Pelletier in 2:14.41.Girls’ 50-yard freestyle: Katie Hammer in 29.05.Boys’ 50-yard freestyle: Cooper Holmes in 23.18.Girls’ 100-yard butterfly: Ava Emery in 1:08.00.Boys’ 100-yard butterfly: Talor Hamilton in 51.96.Girls’ 100-yard freestyle: Leah Stevens in 1:07.53.Boys’ 100-yard freestyle: Sam Alvarado in 52.77.Girls’ 500-yard freestyle: Katie Walton in 6:50.30.Boys’ 500-yard freestyle: Camden Holmes in 5:34.29.Girls’ 200-yard freestyle relay: Kiana Wilbur-Maddocks, Sidney Hamilton, Miriam Nelson and Ellie Clarke in 1:54.60.Boys’ 200-yard freestyle relay: Austin Baron, Richie Matthews, Hayden Sattler and Sam Alvarado in 1:40.29.Girls’ 100-yard backstroke: Lean Stevens in 1:14.75.Girls’ 100-yard breaststroke: Sidney Hamilton in 1:18.19.Boys’ 100-yard breaststroke: Hayden Sattler in 1:05.03.Girls’ 400-yard relay: Arianna Peterson, Katie Walton, Leah Stevens and Miriam Nelson in 4:41.70.Boys’ 400-yard freestyle relay: Sam Alvarado, Camden Holmes, Cooper Holmes and Talor Hamilton in 3:44.70.Ellsworth will compete next this weekend in the Penobscot Valley Conference championship. The boys will compete Friday at Husson University, and the girls will compete Saturday at the University of Maine-Orono.last_img read more