Retail in Asia

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Asos names Nick Beighton new CEO

UK online fashion retailer Asos said on Wednesday that its founder and CEO Nick Robertson will step down after 15 years in the role, effective immediately. He will be retained as a non-executive director of the company. COO Nick Beighton will succeed him as the new CEO.

Beighton joined Asos in April of 2009 as CFO and has since worked closely with Robertson on the growth of the Company. In October last year, Nick Beighton was appointed COO, widening his management responsibilities beyond finance. In April the company announced the appointment of Helen Ashton as CFO, succeeding Nick Beighton in the role. Ashton started with the company on 1 Sep.

"On behalf of everyone who works at Asos, I’d like to acknowledge Nick Robertson’s extraordinary achievement. His passion and vision have built a start-up into a world class company. We are all delighted that Nick will continue to contribute to the Company that he started," said Brian McBride, Chairman of Asos.

"We are fortunate to have such an able successor for the CEO role in Nick Beighton. Nick has unique experience of the Company built over six years, equipping him to drive ASOS along its growth trajectory to become the world’s leading online fashion retailer for 20-somethings".