Andrew Demery joins BikeExchange as Global CFO

Following a 12 month period of rapid growth, BikeExchange has appointed Andrew Demery as Global CFO.

Demery’s extensive experience will help lead the company through its next phase of expansion. His most recent position as Chief Financial Officer at carsales.com saw him play a key role in guiding the company through expansion also. Prior to this role, Demery held various positions at PricewaterhouseCoopers in Australia and the UK and is a member of the Institute of Chartered Accountants of Scotland.

“I am excited about joining BikeExchange at this point in its journey. I have been very impressed by what the group and the team has 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,” said Andrew.

Founded in 2006, the Australian company BikeExchange now has 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 e-Commerce transaction growth up over 490%, traffic up by over 130% and cycling product searches now exceeding 235 million globally.

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+ 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.”

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