British clothing retailer Asos Plc plans without a key executive. On Wednesday, the company announced Mathew Dunn’s forthcoming resignation. Dunn has been Chief Financial Officer (CFO) since April 2019, and in October 2021 he also took on the post of Chief Operating Officer (COO) after CEO Nick Beighton left. He also managed the day-to-day operations of the group until the appointment of Beighton’s successor, José Antonio Ramos Calamonte, in June.
Dunn will retain his current posts and board seat at least until October 31, Asos said. He will then remain with the company until the end of the year in order to contribute to a smooth transitional arrangement. According to the company, the search for a new CFO has already begun.
Chairman Jørgen Lindemann paid tribute to the outgoing top executive: “I would like to thank Mat for the tremendous contribution he has made to Asos over the past three years – particularly during his time as interim CEO,” he said in a statement. “Mat has worked tirelessly to ensure Asos has continued to make strategic advances in the market conditions that have prevailed since the global pandemic. We wish him all the best for the next chapter in his career.”
Continue reading:
- Asos appoints new director of women’s fashion
- Asos promotes José Antonio Ramos Calamonte to CEO and cuts full-year forecasts
- Delivery problems and cost pressure: Asos reports half-year loss
- Asos publishes first report on its own economic and social impact
- Asos: Delivery problems and Covid consequences slow down growth