ASOS founder steps down as CEO

LONDON - The founder of British online fashion retailer ASOS (ASOS.L) is stepping down as chief executive after 15 years that have seen the firm transformed from an internet minnow to a retail powerhouse. ASOS said on Wednesday that Nick Robertson, who owns 8.4 percent of its equity, according to Reuters data, will quit as CEO but remain at the firm as a non-executive director. It said Nick Beighton, the company's chief operating officer, would succeed Robertson as CEO, adding the changes take effect immediately. -Reuuters