British online used car marketplace Carzam has recruited Edgardo Savoy as its chief technology officer as the company increases its digital expertise.

Savoy (LinkedIn profile) has extensive experience working for online businesses and joins from money transfer company TransferGo where he performed the same role.

He has also worked for The Racing Post, The Restaurant Group and was chief technology officer at LastMinute.com in Germany. Between 2013 and 2016, Savoy worked in technology roles at bookmaker Paddy Power. Carzam also recruited former Paddy Power CEO Andy McCue as its new executive chairman.

Savoy will join the company at its new headquarters at Lynch Wood Peterborough. Carzam claims to have sold 13,500 cars in its first year of trading from December 2020 and achieved a turnover of nearly £150 million ($200 million U.S.). By comparison, Cazoo sold 12,100 cars in 2020 and began trading in December 2019.

“I am thrilled to be part of the dynamic team at Carzam. The company is fiercely ambitious and ready to embrace change,” said Savoy.

To lead the way in this industry we need to continually innovate, and Carzam has brought me in to do just that.

“Most importantly, we will focus on functionality for the consumer. Our customer experience will sit at the heart of any changes we make as we build new capabilities into Carzam’s systems.”

In November Carzam raised $150 million in funding to help grow its business. This amount is a fraction of the investment received by rival online car-selling businesses Cazoo and Cinch.

“We are delighted to have attracted a CTO of Edgardo’s calibre to Carzam,” said Carzam CEO Kirk O’Callaghan.

“His background working across different markets, and internationally, will be invaluable as we seek to further enhance our customers’ experience of buying a car from Carzam.

“Beyond what the customer sees, Edgardo will introduce world-leading technology to support every department as we scale the business.”

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