Businesswoman Hayley Parsons, founder and chief executive of Go Compare, will pocket £44m when she cashes in her 23 per cent stake in the company she created.
Parsons, who worked at Admiral Group for 14 years before launching the price comparison website in 2006, will step away from the firm when the Esure Group acquisition completes.
She stated: “I have always said that the staff at GoCompare.com come first and I will always do the right thing by them. As such, Esure’s commitment to keep our headquarters in Newport was an extremely important part of my decision to sell the business and I am confident that I’ll be leaving it in very safe hands.”
Parsons added: “I am very proud that a company I started at my kitchen table eight years ago has achieved so much in such a short period of time. Today, we are a leading price comparison business in the UK and this is credit to all the wonderful, hard-working people we have in Newport.”