Cazoo announces its Chief Financial Officer will be leaving the company

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.

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