Brain tumour forces Stephen Knight to step down from Portillion
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Stephen Knight, chief executive officer of Portillion, is to leave his role after being diagnosed with a brain tumour.
David Hill, former Portillion’s chief financial officer, has been appointed CEO.
Barry Searle remains as chief operating officer.
Senior management continue to be supported by the board, led by chairman Gerald Gregory.
Gregory says: “We wish Stephen the best, and would like to note his enormous contribution over the years and thank him for all his inspiration and hard work.
“We are fortunate in having a strong and experienced management team here at Portillion. Hill has accepted the role of CEO and will be leading the management team into the next stage of our development.”
Knight revealed in January that Q1 2011 would be a make or break time for the would-be lender as it looked to secure £110m of funding.
Mortgage Strategy wishes him well.
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Readers' comments (17)
Geoff Buckingham | 23 Feb 2011 3:41 pm
I am so sorry to learn of this . Stephen Knight has been an icon of the mortgage industry for so many years, and a great innovator and a colourful personality. I am sure all of us mortgage intermediaries wish him well.
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Gary Bush www.MortgageShop.com | 23 Feb 2011 3:51 pm
Oh god that's terrible news, best wishes and speedy recovery from the team here, he is a fighter (that's a Spurs fan for you).
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Victor Jannels - AToM | 23 Feb 2011 3:59 pm
I am certain that everyone who has been fortunate enough to know Stephen in his many years as a leading light in the mortgage industry will want to wish him well and for a speedy recovery.
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Nigel Stockton | 23 Feb 2011 3:59 pm
Couldnt agree more with Geoff and Gary. a friend and mentor - GOOD LUCK STEPHEN. All the very best Nigel
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John Murray, Lending Zone | 23 Feb 2011 4:10 pm
I've known Stephen since the early 1980s and he is that rarecombination of being a great businessman and innovator and a great person to know. I wish him well
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Michael Clapper | 23 Feb 2011 4:57 pm
I am sorry to hear Stephen is unwell. He has been an inspiration to me and to many others. I wish him well, soon.
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Lucian Camp | 23 Feb 2011 7:12 pm
Get well quickly Stephen, you wouldn't want to miss that Champions League final...
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Dev Malle | 23 Feb 2011 9:34 pm
A tremendous inspiration to many, if anyone is going to show this "setback" who is boss, it is Stephen. Speedy recovery mate!
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Mehrdad Yousefi | 23 Feb 2011 10:48 pm
I am shocked and very sorry to hear Stephen is not well.I concur with everyone else's comments and wish him a rapid recovery with all the best to him and his family.
Stephen has been a great friend to me and hundreds of people throughout the mortgage industry.
His inspirational qualities,immense skills and experience will be sorely missed by the industry at a critical time as proposed regulatory changes at UK and EU will fundamentally change the mortgage landscape by 2014/2015.
I wish him all the very best for the future.
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Jon Robinson | 24 Feb 2011 8:15 am
Stephen is an inspirational dude and from what I know of him he is definitely a fighter so I can only see him well! positive thoughts only for him - get well very soon!!
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