Currently reading: Cazoo swaps CEO and cuts UK jobs in cost-cutting drive

Alex Chesterman will be replaced by Paul Whitehead, the company's current COO

Cazoo CEO Alex Chesterman has stepped down from his role amid a restructuring aimed at keeping the struggling online used car sales company afloat.

The new CEO is Paul Whitehead, previously COO, while Chesterman remains chairman of the company he founded in 2018.

Cazoo has struggled to attract new investment that it needed to maintain its previously aggressive growth plan. 

In September 2022, it announced that it would pull...

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