Online comparator iSelect has announced the resignation of its CFO Paul McCarthy, who is leaving for “family reasons”.

Mr McCarthy, who joined the company last year, will stay until January to help with transitional arrangements.

The search for a new CFO is under way, iSelect says.

Mr McCarthy’s resignation follows the departure of CEO Alex Stevens, who has been replaced by Scott Wilson.

As reported by insuranceNEWS.com.au last month, a private equity firm has made a takeover bid for iSelect.

US-based Providence Equity Partners presented an indicative, non-binding and conditional proposal to acquire all the comparison website’s shares via a scheme of arrangement.