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New leaders join board,
Carma's growth on the fast track,
Trust and cars align.
Car retail platform Carma strengthens board with Sparshott and Snowden appointments
Carma, the online marketplace for second-hand cars, has announced the appointment of two new independent Non-Executive Directors, Melinda Snowden and Nicky Sparshott. This move is part of Carma's strategy to bolster its leadership team as it aims to expand its market presence.
Nicky Sparshott brings a wealth of experience to Carma, having served as the Global Chief of Transformation and CEO of Unilever Australia & New Zealand and Global CEO at T2 Tea. In addition to her new role at Carma, Sparshott has joined the board of the Australian Agricultural Company as a non-executive director.
Melinda Snowden, with over three decades of experience in finance and capital markets, joins Carma's board while maintaining her non-executive director roles at Temple & Webster and Megaport. Snowden will also chair the Audit and Risk Committee at Carma, leveraging her extensive expertise in strategy, capital raising, and finance.
The appointments come shortly after Owen Wilson, former chief executive of REA Group, was named Carma Chairman. The company, founded in 2021 by Lachlan MacGregor and Yosuke Hall, recently secured funding of $30 million. The funding is intended to support the establishment of a new facility capable of reconditioning over 30,000 used cars annually, with a target of reaching $1 billion in annual revenue.
Carma's investors include prominent names such as Tiger Global, General Catalyst, and Five V. The company aims to position itself as a leading digital destination for pre-owned vehicles.
Lachlan MacGregor, Carma's Co-founder and CEO, commented on the new appointments, stating: "Having Nicky and Melinda join our Board is a significant milestone in our journey to being recognised as the leading digital destination for pre-owned cars. Nicky's experience building consumer brands that people love and trust, and Melinda's extensive experience in strategy, capital raising and finance, will be invaluable in this next stage of growth. Their experience will help us set a new benchmark for trust while delivering a superior customer experience."
