New OTM chief starts work with £531,000 ‘golden hello’

first_imgJason Tebb, the new CEO of OnTheMarket (OTM), starts work today at the portal and has this morning said he wants it to go back to its ‘mutual roots’.Tebb (pictured) is the first leader of a major portal to have had a career in estate agency including stints at LSL, Chestertons and Foxtons.The 45-year-old has a challenge on his hands. OTM faces resurgent competition from its two main rivals and an existential threat from Boomin, which has the portal in its sights.Tebb has been given a ‘golden hello’ on his first day – 379,249 ordinary OTM shares which will vest in three years’ time and will depend on the company’s performance. At the current share prices these are worth £531,000.Shake-upHe has already announced a shake-up at the portal including better communications with member agents.This is to include a series of local meetings with Tebb and member agents which OTM is calling his ‘town hall tour’, and also early access for agents to its ‘Beta’ products from its tech department.OTM says it will also work harder to generate more inbound leads via improved marketing and advertising activity, and also evolve its platform with enhanced market data and better tools.“OnTheMarket is truly unique,” says Tebb.“It is majority owned by agents, with approximately 65 per cent of the company is in agent’s hands, and I firmly believe that we need to stay true to these roots.”Since OTM’s founding CEO Ian Springett left abruptly under a cloud in March the portal has been run by CFO Clive Beattie.Read more about Tebb. December 14, 2020Nigel 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 Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Marketing » New OTM chief starts work with £531,000 ‘golden hello’ previous nextMarketingNew OTM chief starts work with £531,000 ‘golden hello’Former estate agent Jason Tebb says he wants to shake up how the portal communicates with its member agents.Nigel Lewis14th December 20200947 Viewslast_img