Mason will report directly to new moneyextra.com owners with a brief to build on moneyextra.com's heritage as the UK's oldest price comparison website. Mason's duties will include the recruitment of a senior management team, a full redesign of the existing website and the development of market leading aggregator solutions in the personal finance market, with a particular focus on the areas of insurance and financial services.
Prior to joining Moneyextra.com, Mason spent eight years establishing Moneysupermarket as the UK's leading price comparison website, following experience in the financial services sector with the Britannia Building Society and Barclays Bank. Following his departure from Moneysupermarket Mason established his own consultancy business and has since acquired a stake in Moneyextra.com Ltd. As Managing Director for the Moneyextra.com group, Mason will also be responsible for motoring website www.Motoring.co.uk, following its recent acquisition by moneyextra.com.
Mason will be joined at Moneyextra.com by Jennifer Rose in a new role as Communications Director. Rose brings her own industry expertise to the table, most recently in the position of PR Manager at competitor site Confused.com, and will be tasked with establishing Moneyextra.com's prominence in the personal finance and consumer media.
Richard Mason commented: "This is a great opportunity for me to apply the knowledge I have gained from my time at Moneysupermarket to take Moneyextra.com on the same journey to the top of the price comparison sector. Following its recent change of ownership Moneyextra.com now has a dynamic and ambitious team who share my belief that we can not only compete with, but surpass our rivals in this sector."
Mason continued: "Competition in the price comparison sector has increased dramatically in recent years with a plethora of new entrants, each offering a different speciality and the promise of a unique customer experience. One of my first tasks will be to bring some clarity and transparency to this somewhat crowded marketplace via the development of a consortium for the industry. Alongside regulatory issues, the Comparison Consortium will also offer smaller players the ability to compete alongside the larger, more established brands who've worked hard to build consumer confidence."
John Elder, Director at Moneyextra.com added: "Richard brings an incredible amount of experience to the team and we're delighted he has chosen to join us as a director and owner of this exciting business. We're looking forward to combining Richard's industry knowledge and expertise with our own ambition and drive to make Moneyextra.com a real asset for UK consumers and businesses."
Moneyextra.com was established as the UK's first comparison and advice website 12 years ago, and has a growing user base of over 1.25 million monthly users. Mason's appointment comes as one of a number senior hires from the company, which is rapidly recruiting from the best industry talent to join its growing team.
