BikeExchange Hires ex CarSales.com CFO

BikeExchange, has appointed the former CFO of ASX listed carsales.com, Andrew Demery, to the new role of Global CFO. Following a 12-month period of rapid growth, BikeExchange has welcomed Demery to their global leadership team to play a crucial role in the company’s further expansion.

BikeExchange is now an international company with operations in eight countries and boasts annualised global traffic of 40 million visits to its sites. In the past year, the company has accelerated significantly with ecommerce transaction growth up over 490%, traffic up by over 130% and cycling product searches now exceeding 235 million globally.

On the appointment, Mark Watkin, Global Chief Executive Officer of BikeExchange said, “We are delighted Andrew has joined the team. Our business has seen rapid growth in the last 12 months plus and Andrew’s role is key for the next chapter of BikeExchange as our strategy continues to focus on scaling the business appropriately. Andrew brings strong experience in the marketplace category to our global leadership team and I’m very much looking forward to working with him.”

Andrew Demery said, “I am excited about joining BikeExchange at this point in its journey. I have been very impressed by what the group and the team have achieved in all its markets and look forward to bringing my marketplace and finance experience to accelerate the growth of the business. As the clear cycling category marketplace leader, there is a huge opportunity in the current market conditions and I look forward to playing an important role in taking the business to the next level.”