Cazoo names new CFO
Cazoo has appointed Stephen Morana as its chief financial officer.
Morana has floated two leading UK digital businesses in recent years, Betfair and Zoopla, both achieving multi-billion pound valuations. He also sat on the board of online fashion giant Boohoo when it went public. He will start at Cazoo in mid-July.
“What Cazoo has achieved in under a year is incredible and I’m really looking forward to joining the team,” said Morana. “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 [Chesterman, founder and CEO of Cazoo] 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.”
Cazoo CEO Chesterman added: “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.”
