Nevertheless, the decision by Rightmove's current chief executive officer Peter Brooks-Johnson to step down in February of next year comes at a critical juncture for the industry, Credit Suisse believes. "We have talked at length about the structural forces that are leading to a pivot in business models within the European Classified industry. Other classified players (AUTO/G24/ADEV) have been vocal and active in value chain expansion; however, this has come at a cost – namely profit downgrades or cash depletive M&A (capital that otherwise would be used for positive corporate actions)," the broker said.