Farfetch appoints new CFO

Farfetch, the leading global platform for the luxury fashion industry, has announced the appointment of Tim Stone as chief financial officer, effective from September. 

Stone brings vast experience from marketplace and technology platform businesses to his new role. 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. He was also CFO for Ford Motor Company. 

Regarding his appointment, Stone 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 will succeed Elliot Jordan, whose departure was announced in February, after a handover period following the publication of Farfetch’s second quarter 2023 results. 

José Neves, founder, chairman and CEO of Farfetch, said: “I am delighted to welcome Tim 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 are 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.”