Comparison website iSelect has promoted Chief Marketing and Commercial Officer Warren Hebard to CEO, while warning that revenue will be hampered by changes to life insurance and this year’s COVID-19 restrictions.

In a trading update to the Australian Stock Exchange, iSelect said that “as a result of the nature of the changes in life insurance and COVID-19’s restrictive impact on recruitment and onboarding of new team members, we expect a small reduction in revenue in fiscal 2021”.

Mr Hebard will take up the CEO role in November from board member Brodie Arnhold, who was appointed interim CEO in April 2018.

iSelect says Mr Arnhold – who had played a key role in the turnaround of the business –

will remain on the board and will mentor Mr Hebard to ensure a smooth transition.

Mr Hebard says the business is on track to deliver significantly improved profitability in fiscal 2021 and is well placed to return to growth in 2022.

iSelect received $3.4 million of JobKeeper payments during the June quarter, but from this month no further payments will be received.