OnBuy appoints new CFO as ‘global expansion is well underway’

The online marketplace, OnBuy.com is continuing its hiring spree, this time with the appointment of a new chief financial officer in the form of James Watts.

Watts joins the marketplace with 12 years’ experience from roles at Deloitte, WPP Group and most recently, Richmond Group, previously the parent company of Amigo Loans. Watts brings experience of working with fast growing companies in both emerging and developed markets across 25 countries.

Cas Paton, founder and CEO of OnBuy, 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 per cent year on year growth, James will be fundamental in OnBuy’s worldwide scale-up over the next three years.”

In previous roles, Watts built a new finance function from scratch to allow for rapid international growth, delivered multi-million-pound cost savings and led financial and commercial due diligence on funding rounds.

Watts said: “I’m pleased to be joining OnBuy at such a critical moment for its success. 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.”

Watts joins the business alongside a series of other C-suite hires, including ex-eBay director Mark Lister as chief commercial officer. OnBuy, which was founded in November 2016, now employs over 85 people and will be welcoming more team members in the coming months.

These hires come after OnBuy announced its best year so far in 2020, which saw it achieve 605 per cent year to date growth. The marketplace continues to grow and achieved 830 per cent year on year growth in February this year.

About Robert Hutchins

Robert Hutchins is the editor of ToyNews and its sister title, Licensing.biz. He has worked his way from Staff Writer to Editor across the two titles, having spent almost eight years with both and what now seems like a lifetime surrounded by toys. You can contact him by emailing robert.hutchins@biz-media.co.uk or calling him on 0203 143 8780 You can even follow him on Twitter @RobGHutchins if ranting is your thing...

Check Also

Argos sees Easter toy and gift buying surge as families prepare for Bank Holiday celebrations

Searches for Easter toys have surged by 367 per cent year on year on the …