ASOS founder steps down as CEO

02 Sep, 2015 12:19 pm

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

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