15 June 2020
Cazoo, the UK's leading online car retailer which is rapidly transforming the way people buy used cars in the UK, today announces that it has appointed Stephen Morana as its Chief Financial Officer.
Stephen is one of the most experienced and well regarded CFO’s in the UK online sector and brings with him significant experience from start-ups to the FTSE 100. He has floated two leading UK digital businesses in recent years, Betfair and Zoopla, both achieving multi billion pound valuations. Stephen also sat on the board of online fashion giant Boohoo when it went public, now the highest valued AIM listed business and he is currently the senior independent director at FTSE 100 gambling giant GVC.
Stephen will start at Cazoo in mid-July and joins at an exciting time for the business as it seeks to accelerate the UK’s shift to online car buying. Cazoo recently raised a further £100m, taking its total funding to £180m and this week announced a multi-year agreement to become the main partner and shirt sponsor of Premier League football club, Everton. Stephen will also join the Cazoo board of directors and executive team and will report directly to Founder & CEO, Alex Chesterman OBE.
Stephen Morana said, “What Cazoo has achieved in under a year is incredible and I’m really looking forward to joining the team. Selling thousands of cars and generating over £40m of revenues in just a few months since launch is exceptional. I have been lucky to work for some amazing businesses and wasn’t planning to take another full time role but, having worked with Alex before, I know that he is building a world-class operation with Cazoo that will transform the way people buy used cars in the UK by providing consumers with better selection, value and convenience. I can’t wait to get started.”
Alex Chesterman OBE, Founder & CEO of Cazoo said, “I am delighted to welcome Stephen to Cazoo and to be working with him again. His track record and experience are second to none and he will be a great addition to our team. There is nobody who has had greater exposure to some of the UK’s most successful digital businesses over the past decade and he will play a key role in helping to deliver on our ambition of creating the best car buying experience in the UK over the coming years.”
For more information, contact:
Lawrence Hall, Communications Director, [email protected] / 020 3920 0013
Our mission is to transform the way people buy used cars in the UK by providing better selection, transparency, convenience and peace of mind. Our aim is to make car buying no different than buying any other product online today, where consumers can simply and seamlessly purchase a used car entirely online and have it delivered to their door in as little as 72 hours. Cazoo was founded in 2018 and has a highly experienced management team, led by Founder & CEO, Alex Chesterman OBE.