Former Paddy Power chief executive Andy McCue has joined online used car retailer Carzam as executive chairman.

Andy McCue, Carzam executive chairman

McCue brings experience of scaling businesses across multiple industries. He spent 10 years at Paddy Power, including as CEO where he oversaw the merger with Betfair in 2015. He was later CEO of The Restaurant Group, where he masterminded the acquisition and integration of Wagamama to capitalise on the growth of online delivery.

McCue’s appointment marks the start of Carzam’s next stage of development and comes as the business celebrates its first anniversary.

Carzam CEO Kirk O’Callaghan said: “His track record speaks for itself and his growth expertise, combined with the team’s motoring heritage, will help to further accelerate our expansion.

“To have reached a stage where we can attract someone of Andy’s pedigree is a reflection of the success the business has achieved to date. Huge credit is due to every one of Carzam’s 150 employees.

“This month we mark the first anniversary of Carzam’s launch with a firm eye on a prosperous future and a solid roadmap to growth.”

The business has sold 13,500 cars in its first year of trading and is said to be one of the highest revenue generating start-ups of its kind in recent years.

It operates nationwide, delivering cars to people’s homes and to collection centres in as little as 24 hours, offering a 14-day returns promise and a 100-day guarantee on all vehicles.

Growth plans are being accelerated by its first external fundraising round, which raised £112m. The funds will be used to expand the stock of cars, develop technology to make the car buying and selling experience even more convenient, and scale the business.

Andy McCue said: “Carzam is well positioned to take significant market share in the fast-growing online car market.  The business is steeped in motor industry experience. I’m looking forward to supporting the business in building out its product, technology and marketing capabilities to ensure Carzam customers receive a great product, with excellent value for money, as conveniently as possible.”