BoilerJuice, the UK’s most popular online heating oil retailer, backed by Livingbridge, today announces the appointment of Lee Cowles as Chief Executive Officer.
Lee was previously CEO at Nutmeg, the UK based online discretionary wealth manager, from October 2013 to April 2016. During this time, Lee delivered over 200x growth in customer numbers and 400x growth in assets under management. He also took the business through two additional rounds of funding, and grew its staff from 20 to 80+ full time employees during his tenure.
Prior to this, Lee was the Managing Director (Europe) of Blub.com, a self-publishing platform focused on high quality photo books until 2013. This followed his eight years at Betfair from 2003 to 2011, having risen to the rank of Managing Director (UK) after joining the company as Head of Client Operations in 2003.
Commenting on his appointment, Lee Cowles said:
“It is incredible to be joining BoilerJuice at a time when they are on the cusp of unleashing their digital potential. This is a business with a strong track record within the digital space, and I look forward to driving this further.
Nicholas Holt, investment director at Livingbridge said:
“I would like to thank the former CEO Ian Ronald for all his hard work at BoilerJuice. We wish him well with his future endeavours.
Lee’s appointment, a true digital native, will now support BoilerJuice in its next stage of transformation. We believe his unique experience at growing digital companies into sector leaders is a trait that will serve the interests of both the company and its customers moving forwards.”