17th Aug 2022 08:48
(Alliance News) - Asos PLC on Wednesday said that Chief Operating Officer & Chief Financial Officer Mat Dunn will step down, as the online clothing retailer continues to restructure its executive team.
In October, Chief Executive Nick Beighton said he would step down after 12 years with Asos, including six as CEO. At the time, the company said it intends to shake-up the board to "underpin delivery of the next phase of its global growth strategy".
Following Beighton's departure, Dunn, who joined Asos in April 2019 as CFO, took on the additional role of COO.
In June, Jose Calamonte joined Asos as its new CEO, while the company also appointed Jorgen Lindemann as chair.
Asos said that Dunn will continue in his role until at least October 31 and will remain employed until the end of the year to provide "transitional support".
The process to appoint a new CFO is now underway, the company added.
Chair Lindemann said: "I would like to thank Mat for the enormous contribution he has made to Asos over the past three years, and in particular during his time as interim CEO. Mat has worked tirelessly to ensure that Asos has been able to make continued strategic progress, despite the prevailing market conditions which have existed since the global pandemic."
Asos shares were down 4.8% to 913.50 pence each in London on Wednesday morning.
By Sophie Rose; [email protected]
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