Farfetch Limited hired Tim Stone as chief financial officer, effective September 1, succeeding Elliot Jordan, whose departure was announced by the company in February.
Stone reportedly brings vast experience from marketplace and technology platform businesses to his role as CFO. He spent over 20 years in senior finance roles at Amazon.com, including CFO for the AWS, Devices and Digital Content businesses. In addition, he was CFO of the Ford Motor Company.
“This is a wonderful time to be joining Farfetch,” said Stone in a release. “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.”
José Neves, founder, chairman and CEO of 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 endeavors.”
After a handover period, including the reporting of Farfetch’s second quarter 2023 results scheduled for August 17, Jordan will leave the company on August 31.
