// Richmond Group finance director to join online marketplace OnBuy as CFO
// He joins OnBuy alongside a series of other C-suite hires, including Mark Lister as chief commercial officer
// In February this year, OnBuy achieved 830% year-on-year growth
OnBuy has appointed James Watts as its new chief financial officer as part of the online marketplace’s first C-suite hires.
Watts joins OnBuy with 12 years of experience from roles at Deloitte, WPP Group and most recently, Richmond Group, previously the parent company of Amigo Loans.
He joins the retailer alongside a series of other C-suite hires, including ex-eBay director Mark Lister as chief commercial officer.
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“I’m pleased to be joining OnBuy at such a critical moment for its success,” Watts said.
“With new investment just around the corner and its global expansion well underway, the next few years will be exciting and challenging for the marketplace and I’m looking forward to being a part of the journey.
“Having grown up in the county, working with a Dorset-based business that has huge global opportunity is a definite bonus.
“Dorset is home to a number of exceptional businesses, and I believe that OnBuy has the ability to put the county on the map worldwide.”
OnBuy chief executive Cas Paton said: “I’m looking forward to welcoming James to the team.
“His experience in managing multi-million-pound assets, driving efficiencies, and building and leading financial teams will be invaluable to OnBuy.
“With our growth showing no signs of slowing as we continually achieve over 600% year on year growth, James will be fundamental in OnBuy’s worldwide scale-up over the next three years.”
Founded in November 2016, OnBuy now employs over 85 people and said it would be welcoming more team members in the coming months.
These hires come after it recorded its best year of trading so far in 2020, which saw OnBuy achieve 605 per cent year-to-date growth.
In February this year, it achieved 830 per cent year-on-year growth.