Adevinta Confirms Appointment of Next CPTO, Julien Jouhault

Adevinta has appointed Julien Jouhault as the firm's new Chief Product & Technology Officer effective immediately.

Jouhault had been in place on an interim basis since November 2022 and previously held the CTO position at Adevinta-owned marketplace leboncoin. He will report to CEO Antoine Jouteau, who also worked at leboncoin (as CEO) before replacing Rolv Erik Ryssdal in 2022.

Jouteau said:

We are thrilled to announce Julien as Adevinta’s Chief Product & Technology Officer, building on the success of his interim coverage of the role. A proven leader, Julien brings deep technical expertise and an impressive track record of developing a rich customer-focused classifieds model, along with reducing platform and service complexities at leboncoin.

Jouhault added:

I am excited to be a part of Adevinta’s transformative journey and contribute to our continued growth. With our talented technology workforce, we are building the marketplaces of the future and reinventing the way we all consume goods and services.

Meanwhile, the firm is on the lookout for a new Chief Financial Officer with Uvashni Raman set to leave the company later this year.

It has been a fascinating year at Adevinta, with a slew of high-profile divestments dominating its strategy in the past 12 months. The firm sold Gumtree South Africa in July, Gumtree Australia in August, and Mexican portals Segundamano and Vivanuncios in September—all of which had been purchased in 2020. Adevinta's sold off assets since 2020 below.

A new-look senior team and a stronger focus on European markets (namely France, Germany, Italy, Netherlands, and Spain) means Adevinta entered 2023 with a guidance of "low double-digit revenue growth" and reduced leverage by the end of the year.

Adevinta's consolidation means its international revenues have dropped from a high of €60m in Q2 2019 to just €26m in Q4 2022, with revenues in European markets rising from €148m to €186m in the same period.