Online fashion retailer Asos today said that chief executive Nick Robertson, who founded the business 15 years ago, has stepped down.
Robertson, who remains with the company as a non-executive director, is succeeded by chief operating officer Nick Beighton with immediate effect.
Beighton joined the retailer in 2009 as chief financial officer and was promoted to chief operating officer in October, widening his management responsibilities beyond finance.
In April, Asos announced the appointment of Helen Ashton as its new finance chief, and she started with the company yesterday.
Asos chairman Brian McBride said: “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.
“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.”