FARFETCH Announces Appointment of Chief Financial Officer
01 Août 2023 - 10:06PM
Business Wire
- Tim Stone joins the company and will assume the CFO role
effective September 1, 2023
- Brings more than two decades of experience in senior financial
and CFO roles from Amazon.com, Inc., and Ford Motor Company
Farfetch Limited (NYSE: FTCH) (“Farfetch” or the “Company”), the
leading global platform for the luxury fashion industry, today
announces that Tim Stone has joined the Company and will become
Chief Financial Officer effective September 1, 2023. Mr. Stone
succeeds Elliot Jordan whose departure was announced in February.
After a handover period, including the reporting of FARFETCH’s
second quarter 2023 results scheduled for August 17, 2023, Mr.
Jordan will leave the Company on August 31, 2023.
Mr. Stone brings vast experience from marketplace and technology
platform businesses to his role at FARFETCH. He spent more than 20
years in senior finance roles at Amazon.com, including as Chief
Financial Officer for the AWS, Devices and Digital Content
businesses. In addition, he was CFO for Ford Motor Company.
José Neves, Founder, Chairman and CEO, FARFETCH,
said:
“I am delighted to welcome Tim to the Company. His more than two
decades of experience in helping shepherd a leading consumer
marketplace with a focus on delivering profitable, sustainable
growth are an ideal match for this next chapter of FARFETCH’s
trajectory. This is very much a period of execution at FARFETCH and
he will help ensure that we deliver the best possible financial
performance in the years ahead.
Once again, I offer my heartfelt thanks to Elliot for all his
contributions and wish him all the very best in his future
endeavours.”
Tim Stone, Chief Financial Officer, FARFETCH, said:
“This is a wonderful time to be joining FARFETCH. The company is
successfully leading the digitization of the luxury fashion
industry, putting it at the heart of a long-term, global growth
market. With a focus on our customers and industry partners,
profitable growth, and operational execution, we are well
positioned to drive free cash flow generation. I am grateful to
José for the opportunity to join the team and look forward to many
years of success together.”
ENDS
Forward-Looking Statements
This release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. We
intend such forward-looking statements to be covered by the safe
harbor provisions for forward-looking statements contained in
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. All
statements contained in this release that do not relate to matters
of historical fact should be considered forward-looking statements,
including, without limitation, statements regarding our future
financial performance and our expectations in relation to the
management change discussed herein, as well as statements that
include the words “expect,” “plan,” “aim,” “enable,” “believe,” or
the negative of these terms and similar statements of a future or
forward-looking nature. These forward-looking statements are based
on management’s current expectations. These statements are neither
promises nor guarantees, but involve known and unknown risks,
uncertainties and other important factors that may cause actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements, including, but not
limited to the important factors discussed under the caption “Risk
Factors” in our Annual Report on Form 20-F filed with the U.S.
Securities and Exchange Commission (“SEC”) for the fiscal year
ended December 31, 2022, as such factors may be updated from time
to time in our other filings with the SEC, accessible on the SEC’s
website at www.sec.gov and on our website at
http://farfetchinvestors.com. In addition, we operate in a very
competitive and rapidly changing environment. New risks emerge from
time to time. It is not possible for our management to predict all
risks, nor can we assess the impact of all factors on our business
or the extent to which any factor, or combination of factors, may
cause actual results to differ materially from those contained in
any forward-looking statements that we may make. In light of these
risks, uncertainties and assumptions, the forward-looking events
and circumstances discussed in this release are inherently
uncertain and may not occur, and actual results could differ
materially and adversely from those anticipated or implied in the
forward-looking statements. Accordingly, you should not rely upon
forward-looking statements as predictions of future events. In
addition, the forward-looking statements made in this release
relate only to events or information as of the date on which the
statements are made in this release. Except as required by law, we
undertake no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise, after the date on which the statements
are made or to reflect the occurrence of unanticipated events.
About Farfetch
Farfetch Limited is the leading global platform for the luxury
fashion industry. Founded in 2007 by José Neves for the love of
fashion, and launched in 2008, Farfetch began as an e-commerce
marketplace for luxury boutiques around the world. Today, the
Farfetch Marketplace connects customers in over 190 countries and
territories with items from more than 50 countries and over 1,400
of the world’s best brands, boutiques and department stores,
delivering a truly unique shopping experience and access to the
most extensive selection of luxury on a global platform. Farfetch’s
additional businesses include Browns and Stadium Goods, which offer
luxury products to consumers, and New Guards Group, a platform for
the development of global fashion brands. Farfetch offers its broad
range of consumer-facing channels and enterprise level solutions to
the luxury industry under its Luxury New Retail initiative. The
Luxury New Retail initiative also encompasses Farfetch Platform
Solutions, which services enterprise clients with e-commerce and
technology capabilities, and Future Retail, which develops
innovations such as our Connected Retail solutions.
For more information, please visit www.farfetchinvestors.com. We
use this investor website as a means of disclosing material,
non-public information. Accordingly, investors should monitor such
website, in addition to following our press releases, SEC filings
and public conference calls and webcasts. Investors may also
receive email alerts and other information about us by enrolling
their email address under the “Investor Resources” tab of our
investor site. We have included our website address in this release
solely for informational purposes, and the information contained on
our website is not incorporated by reference in this release.
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version on businesswire.com: https://www.businesswire.com/news/home/20230801386622/en/
Investor Relations: Alice
Ryder VP Investor Relations IR@farfetch.com
Media:
Susannah Clark Executive VP, Communications
susannah.clark@farfetch.com +44 7788 405224
Brunswick Group farfetch@brunswickgroup.com US: +1 (212) 333
3810 UK: +44 (0) 207 404 5959
Farfetch (NYSE:FTCH)
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