We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Dec 5, 20249:10pm

Asos appoints former Royal Mail boss as new chairman

Adam Crozier will assume its new role next autumn, succeeding Brian McBride, who has been the group’s chairman since 2012. The appointment will be effective after the upcoming board meeting, scheduled in November.

Jul 3, 2018 — 6:05pm
MDS
Save
Asos appoints former Royal Mail boss as new chairman

 

 

Asos names new head for its board. The British online retailer has hired Adam Crozier as non-executive chairman of the board, a role that he will assume from November 29 onwards.

 

Crozier, 54, has a long professional career, having worked in advertising agency Saatchi & Saatchi’s, Vue International, G4S, Football Association, Royal Mail and, most recently, ITV, where he served as chief executive officer until June 2017. Currently, the executive also chairs the boards of Whitbread, Vue International and Stage Entertainment BV.

 

The new hire by Asos will replace Brian McBride, who came to the company in November 2012 after leaving Amazon’s UK business. McBride took over from Lord Waheed Alli, chairman of the company for more than a decade.

 

 

 

 

The ecommerce group ended the first half of fiscal 2018 (closed on February 28) with a 27% sales increase, thanks mostly to a strong business growth in foreign markets, up 30.7% year-on-year. Earnings before taxes went up 9.5%.

 

Asos expects to achieve annual sales of 4 billion pounds (4.6 billion euros) in the medium-long term. Investments foreseen for fiscal 2018 and 2019 will range between 230 million and 250 million pounds (264 million and 286.8 million euros).

Advertising
Participation rules

info@themds.com

 

Validation policy for comments: 

 
MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
 
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment
...