E Point Perfect

Asos CFO and COO Mat Dunn steps down


Asos CFO Mat Dunn has stepped down
// Asos CFO and COO Mat Dunn acted as interim boss following Nick Beighton’s departure
// Dunn’s departure latest move in wider board restructure

Asos chief operating officer and chief financial officer Mat Dunn is to step down from his roles in the latest move in the restructuring of the online fashion retailer’s executive team

Dunn and the Asos board said that they had agreed a “phased plan” under which he will continue in his role and as a member of the board until at least 31 October this year and will remain employed until the end of the year to provide transitional support.

Dunn, who was previously CFO at Britvic, joined the board of Asos in April 2019 as CFO before taking on the additional role of COO in October 2021.

Following the departure of former CEO Nick Beighton last year, Dunn had also been acting as the interim boss of the business until it appointed new CEO and former chief commercial officer José Antonio Ramos Calamonte in mid-June.

READ MORE: Asos names new CEO and chair as it warns on profits

ASOS chairman Jørgen 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. We wish him well in the next chapter of his career.”

Dunn added: “I have very much enjoyed my time at Asos. We have achieved a lot over the last three years and the business is stronger as a result and I am sure will go on to great success.

“I am looking forward to my next challenge, but I will continue to follow what is happening at Asos and I wish the board, José and the rest of the team all the best for the future.”

Asos said that a process is underway to appoint a new CFO.

Click here to sign up to Retail Gazette‘s free daily email newsletter


Source link >

Related posts

Meta comes under fire for charging for VR apps needed for metaverse push

Six game-changing initiatives shaking up retail right now

John Lewis names ex-George at Asda vice president as product & lifestyle director

Gone in a Jiffy: Why the quick commerce grocery sector is destined to collapse

In The Style makes pre-tax loss as boss Sam Perkins warns on ‘challenging year’

THG to award shares to 500 employees