Asos chief executive Nick Beighton to step down from the online fashion giant

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sos chief executive Nick Beighton is stepping down from the London-based online fashion giant.

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An announcement that Beighton, who has been boss at the retailer for six years and has been working at the company since 2012, came with the details of the group’s next chairman.

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Ian Dyson, currently Senior Independent Non-Executive Director and Chairman of the Audit Committee, will lead the board as chairman, replacing Adam Crozier. The latter is moving to BT to perform the same role.

Asos said Beaton and the board have decided now is the right time for him to step down.

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Beaton said: “When I joined, there were less than 200 people and our annual sales were around £220m. With over 3,000 fantastic ASOS-ers for 26 million customers in 200 markets around the world, I am about £4bn Leave business reporting turnover.

The search is on for his successor. Matt Dunn, Head of Finance, will take on the additional role of Chief Operating Officer and lead the business on a day-to-day basis, while Katie Mecklenburg, currently Director of Group Finance, will become interim boss.

Changes will be with immediate effect. The beaton will be available to the Board till the end of 2021 to ensure a smooth handover.

As the update came, Asos revealed that the group’s sales grew 20% to £3.9 billion as of August 31.

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