Insights
- Tim Stone will become the CFO of Farfetch Limited, effective September 1.
- He brings over 20 years of experience from senior finance roles at Amazon and was also the CFO for Ford Motor Company.
- His appointment follows the departure of Elliot Jordan, and he will oversee the company's financial performance and execution in leading the fashion industry's digitisation.
Farfetch Limited, the leading global platform for the luxury fashion industry, has announced that Tim Stone has joined the company and will become chief financial officer, effective September 1, 2023. Stone succeeds Elliot Jordan whose departure was announced in February. After a handover period, including the reporting of Farfetch’s second quarter of 2023 results scheduled for August 17, 2023, Jordan will leave the company on August 31, 2023.
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, including as chief financial officer for the AWS, Devices and Digital Content businesses. In addition, he was also the CFO for Ford Motor Company.
Tim Stone will become the CFO of Farfetch Limited, effective September 1.
He brings over 20 years of experience from senior finance roles at Amazon and was also the CFO for Ford Motor Company.
His appointment follows the departure of Elliot Jordan, and he will oversee the company's financial performance and execution in leading the fashion industry's digitisation.
“I am delighted to welcome Stone 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 is 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,” José Neves, founder, chairman and CEO, Farfetch, said.
“This is a wonderful time to be joining Farfetch. The company is successfully leading the digitisation 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,” Stone said.
Fibre2Fashion News Desk (RR)
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