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LONDON, Oct 11 (Reuters) - ASOS, the British online
fashion retailer, said on Monday that Chief Executive Nick
Beighton is to step down with immediate effect after 12 years
with the business and six as the boss.
The group, which wants to accelerate international growth,
said a search had started for a successor, with finance chief
Mat Dunn taking on the additional role of chief operating
officer and leading the business on a day-to-day basis.
ASOS said Katy Mecklenburgh, currently director of group
finance, will become interim chief financial officer.
Beighton will remain available to the board until the end of
2021 to help with the handover.
The group, whose shares have fallen 42% so far this year,
also said that Ian Dyson, ASOS's senior independent director
non-executive director, will become chairman on Nov. 29,
succeeding Adam Crozier, who is becoming chairman of BT.
"ASOS's management and board have spent considerable time
over recent months developing and validating a clear strategic
plan to accelerate international growth, building on ASOS's
undoubted strength in the UK," said Crozier.
"Key to that is ensuring that we have the right leadership
in place for the next phase, and the changes we are announcing
today are designed to ensure we deliver against our clear
strategic intent."
The company also reported a 36% rise in full-year profit on
Monday after seeing "exceptional" demand in its home market, but
added that supply chain pressures and higher costs would weigh
on its 2022 outcome.
(Reporting by James Davey, Editing by Paul Sandle)
