– UK, London – Cazoo, the UK’s leading online car retailer, which makes buying your next car as simple and seamless as purchasing any other product online, today announced the appointment of Moni Mannings to its Board as a Non-Executive Director and Chair of Remuneration Committee, following completion of its business combination with AJAX I (NYSE: AJAX).
“I am delighted that Moni will be joining the Cazoo Board once we become listed on the NYSE. Her extensive Board experience at large consumer facing, publicly listed businesses will be a great asset to us as we continue to transform the car buying experience for consumers across the UK and Europe.” said Founder & CEO, Alex Chesterman OBE.
Cazoo recently announced it will list on the NYSE through a $7.0 billion business combination with AJAX I, a publicly traded special purpose acquisition company founded by renowned US investor Dan Och. The transaction is expected to complete in Q3 this year.
Other Cazoo Board members following the transaction closing will include:
- Alex Chesterman OBE (Chair & CEO),
- Stephen Morana, Duncan Tatton-Brown (Audit Chair),
- Dan Och (Non-Exec),
- Viscount Rothermere (Non-Exec),
- David Hobbs (Non-Exec)
- Anne Wojcicki (Non-Exec).
About Moni Mannings
Moni Mannings is a qualified solicitor and currently sits on the Boards of Hargreaves Lansdown PLC, easyJet PLC, and Investec Bank. She is also the Deputy Chair of the UK’s oldest and largest children’s charity, Barnardo’s. From 2000 until 2016, Moni was a Partner at Olswang LLP, before which she held senior positions with Dewey Ballantine LLP, Simmons & Simmons, and Clifford Chance LLP.
Moni Mannings said, “I am excited to be joining the Cazoo Board. What Alex and his team have achieved so far is very impressive and the opportunities ahead for Cazoo are enormous. I am looking forward to helping to shape and be part of Cazoo’s mission to offer the best possible car buying experience to customers across the UK and Europe.”
About Cazoo
Cazoo’s mission is to transform the car-buying experience for consumers across Europe by providing better selection, quality, transparency, convenience, and peace of mind. Cazoo aims to make buying a car no different from any other product online today, where consumers can simply and seamlessly purchase, finance, or subscribe to a car entirely online for either delivery or collection in as little as 72 hours. Cazoo was founded in 2018 by serial entrepreneur Alex Chesterman OBE, has a highly experienced management team, and is backed by some of the leading global technology investors.
Cazoo is pioneering the shift to online car buying in Europe and since being founded in 2018, has sold over 20,000 cars to consumers across the UK who have embraced the selection, transparency, and convenience of buying a quality used cars entirely online.
Cazoo owns and reconditions all its cars before offering them for sale on its website for either delivery or collection in as little as 72 hours. Already the leading online car retailer in the UK, Cazoo is also Europe’s leading car subscription player with over 6,000 subscribers across the UK, France, and Germany.
For more information: https://www.cazoo.co.uk/
About AJAX
AJAX is a blank check company whose purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. AJAX was founded by renowned US investor Dan Och in partnership with Glenn Fuhrman and strategic advisors including Steve Ells (founder, Chipotle), Jim McKelvey (co-founder, Square), Kevin Systrom (co-founder, Instagram), and Anne Wojcicki (co-founder, 23andMe).
For more information: https://ajaxcap.com/
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.