London, 27th July 2023 – Motorway, the UK’s fastest-growing used car marketplace, today announced the appointment of Liz Kistruck as the company’s first Chief Financial Officer.
Liz joins from fashion technology platform Lyst, where she was CFO. Prior to Lyst, Liz was at Expedia Group for 14 years and held various roles including CFO for Hotels.com, CFO for Expedia for Business, as well as SVP Global Marketing Analytics. In these roles, she led large, multinational teams through significant growth and transformation.
Liz brings the perfect blend of experience, having led expansion at both world-leading internet companies and smaller start ups. Central to her role will be leadership of the finance and legal functions as well as strategic partner to the leadership on opportunities for growth and acceleration. As Motorway continues to grow market share at a rapid pace, Liz will help take Motorway to the next stage of that growth and profitability.
Motorway saw its sales more than double year on year from £841m in 2021 to £1.7bn in 2022. This rapid growth demonstrates continued demand for Motorway’s service, which matches people selling their car with car dealers looking to acquire stock. By removing the middlemen and bringing the process online, the platform delivers a better deal for both sides, with a more efficient experience, driven by technology.
Tom Leathes, Co-founder and CEO, Motorway, said:
“We’re thrilled to have Liz join the executive team at Motorway. 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. I look forward to working closely with Liz to help shape the future of the business going forward.”
Liz Kistruck, CFO, Motorway, said:
“Motorway’s sustained growth over the past few years is truly impressive and I’m excited to join the team at such an important stage in the journey. Working with Tom and the rest of the management team, I’m looking forward to being part of leading Motorway on the next phase of its expansion.”
ENDS
About Motorway
Motorway is the UK’s fastest-growing used car marketplace. We connect people selling their car directly with our network of more than 5,000 verified car dealers, matching each seller on our platform with the dealer who most wants to buy their car. We help car owners sell their cars 100% online for a great price in as little as 24 hours, with their car collected from home for free, while supporting our car dealer partners to easily acquire the best used car stock.