U.K.-based used-car marketplace Motorway has appointed Liz Kistruck as its first chief financial officer (CFO).
Kistruck (LinkedIn profile) joins from fashion technology platform Lyst, where she was also CFO. She used to be a director at Expedia Group, where she spent 14 years in various roles, including as CFO for Hotels.com, Expedia for Business and as SVP of global marketing analytics.
Motorway said Kistruck brings experience leading large teams and the ability to guide companies through growth and transformation. She has led expansion of major online businesses and smaller startups.
“We’re at a pivotal stage in our growth and Liz’s highly relevant marketplace and public markets experience, strong values and focused approach make her the perfect person for this role,” said Tom Leathes, Motorway co-founder and chief executive.
In March, Motorway launched new product features to help dealers buy new stock. It followed this up in May with the launch of a secure online wallet that allows dealers to fund it and then release money to private sellers immediately when it’s time to complete transactions. Last week the company announced it had acquired Total Car Check, a U.K.-based provider of vehicle provenance checks.
In its most recent financial results, the company more than doubled revenue in 2022, compared to 2021, up from £841 million to £1.7 billion ($2.2 billion U.S.).