Cazoo announces its Chief Financial Officer will be leaving the company

March 18, 2020
Share this Post: 

Cazoo, the online used vehicle platform based out of the UK, recently announced that its Chief Financial Officer has left the company. 

Alex Gersh has ‘moved on’, the firm said, but there are no plans to replace him.

In a statement issued to Car Dealer Magazine yesterday, Lawrence Hall, communication director, said: ‘Alex Gersh has moved on from Cazoo. We have a finance director and strong finance team in place within the business so have no immediate plans to replace this role.’

Led by former Zoopla and LoveFilm founder Alex Chesterman, the online retailer has so far raised more than £80 million in funding and launched in December 2019.

Last month, we reported that Cazoo has ambitions of selling 217,000 used cars a year by 2025. The figure was contained in a leaked document which also revealed the company will lose more than £70 million over the next three years.

Read more here

March 18, 2020

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Zoopla Marketing Op 1
Zoopla Appoints New CEO

British real estate portal Zoopla, part of Houseful, has appointed Paul Whitehead as Chief Executive Officer and made several other...

Read More
Shutterstock 1104283160 1
Southeast Asian Portal Operator Digital Classifieds Group Enters Administration

The online classifieds operator Digital Classifieds Group (DCG) has appointed an administrator and "registered liquidator" according to filings on the...

Read More
People Roundup 7Mar 2
People Roundup: KE Holdings, HousingAnywhere, CoStar, OLX Brazil

This week's People Roundup starts in China, with a big change at the very top of a real estate giant......

Read More
Product Update 2025Mar3 3
Product and Service Roundup: Zillow, Schibsted, Domclick, Leboncoin Immo, 4Zida, Carousell, Addcn Technology

It's a big product roundup this week at Online Marketplaces. This week's roundup starts with a major rebranding exercise coming...

Read More

Editor's Pick