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CAZOO, one of the UK’s best-funded start-ups has appointed Alex Gersh, formerly Chief Financial Officer of Paddy Power Betfair, as its first CFO.

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.

It aims 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.

Gersh joins Cazoo after 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 and guided the business through its subsequent transformation.

Prior to this he was Chief Financial Officer of then NASDAQ-listed NDS Group and his earlier career was spent at as CFO of BT Cellnet and at Ernst and Young.

Gersh will be responsible for building out the finance function at Cazoo and managing the growth of the business. He will join Cazoo’s board of directors and executive team and will report directly to Founder and Chief Executive. Alex Chesterman.

Gersh 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.

“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.”

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