Moni Mannings to Join Cazoo Board
26 Aprile 2021 - 1:00PM
Business Wire
- Moni Mannings to become Cazoo Non-Exec Director and
Remuneration Committee Chair
- Follows Cazoo’s recent announcement of its $7.0bn business
combination with AJAX I
- Moni will join Cazoo Board following transaction closing and
listing on NYSE in Q3 2021
Cazoo, the UK’s leading online car retailer, which makes buying
your next car as simple and seamless as purchasing any other
product online, has today announced that Moni Mannings will be
joining its Board as a Non-Executive Director and Chair of
Remuneration Committee, following completion of its business
combination with AJAX I (NYSE: AJAX).
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the full release here:
https://www.businesswire.com/news/home/20210426005080/en/
Moni Mannings (Photo: Business Wire)
Moni 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 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.
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 when
Moni will take up her role on the Cazoo Board.
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 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.
Other Cazoo Board members following the transaction closing will
include Alex Chesterman OBE (Chair & CEO), Stephen Morana
(CFO), Duncan Tatton-Brown (Audit Chair), Dan Och (Non-Exec),
Viscount Rothermere (Non-Exec), David Hobbs (Non-Exec) and Anne
Wojcicki (Non-Exec).
Alex Chesterman OBE, Founder & CEO of Cazoo said, “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.”
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 - www.cazoo.co.uk
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 to 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.
About AJAX – www.ajaxcap.com
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).
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210426005080/en/
Lawrence Hall, Group Communications Director,
lawrence.hall@cazoo.co.uk
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