Cazoo appoints Alex Gersh as Chief Financial Officer
Cazoo, a startup that aims to transform the way people buy and sells cars, has appointed Alex Gersh as the company's first Chief Financial Officer.
Gersh joins Cazoo after spending six years as CFO of FTSE 100-listed Paddy Power Betfair Plc where he oversaw the merger of two of the fastest-growing online betting operators in the world.
Having raised over £30 million late last year, Cazoo is seeking to transform the used car market in the UK and plans to launch by the end of this year. Cazoo's ambition is to make buying a used car no different than buying any other product online today by letting consumers select from thousands of cars, have them delivered to their door and offering a risk-free returns policy.
Prior to his role at Paddy Power, where he guided the company to annual revenues of over £1.5bn, Alex was Chief Financial Officer of then NASDAQ-listed NDS Group.
His earlier career was spent at as CFO of BT Cellnet and at Ernst & Young.
Speaking about his new position, Alex said: “After spending much of my career in later stage listed businesses, I am looking forward to being part of the journey of an early-stage business with huge ambition.
"Alex Chesterman has a proven track record of building and growing incredibly successful consumer-facing businesses and I am excited to be part of this new venture. Cazoo is set to transform the biggest retail space and deliver a far better experience for UK used car buyers.”
In his new role, he will be responsible for building out the finance function at Cazoo and managing the growth of the business. He joins Cazoo’s Board of Directors and executive team and will report directly to Founder and CEO, Alex Chesterman OBE.
Alex Chesterman said: “We are delighted to welcome Alex Gersh to the Cazoo team. We have plans to transform the used car market in the UK and Alex’s considerable experience is a real win for Cazoo and will be invaluable to us.
"His experience of being involved in businesses of significant scale will be a great asset given our plans to grow Cazoo into a very large business over the coming years.”