The mortgage industry has rallied in support of Stephen Knight, chief executive officer of Portillion, after he left his role due to a brain tumour.
David Hill, Portillion’s former chief financial officer, has been appointed CEO and Barry Searle will remain as chief operating officer.
Nigel Stockton, financial services director at Countrywide, says Knight is a friend and mentor and wishes him luck.
Michael Clapper, founder of the Enterprise Group, says: “I am sorry to hear Stephen is unwell. He has been an inspiration to me and many others. I wish him well.”
And Gerald Gregory, chairman of Portillion, 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.
“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.