Asos appoints ex-Britvic finance chief as new CFO
Asos today appointed Britvic chief financial officer Mathew Dunn as its new CFO.
The exact start date is yet to be announced, though the online retailer has said that Dunn will join the firm in spring 2019, leaving Britvic to take on the role.
Read more: Shares in Asos soar on news of boosted profits and revenue
Asos chief executive Nick Beighton said: "I'm looking forward to working with Mathew. He brings us a totally relevant mix of operational experience together with a history of implementing and overseeing finance systems at an international level.”
Previous CFO Helen Ashton stepped down at the end of August. Beighton has been serving as interim CFO since then.
Shares fell 1.72 per cent following the news, amid a wider stock exchange downturn, currently standing at 5,818p from yesterday's closing price of 5,920p.
Read more: Retail sales slide in September as food shopping declines
The news comes on the back of Asos’s impressive year-end results announced last week – with revenues up 26 per cent to £2.4bn, and pre-tax profits growing from £80m to £102m.
The retailer said it would now invest in warehousing and technology.
The results underlined the difference in fortunes between online retailers and high street shops, with high street chains such as Bonmarche and Foot Asylum announcing underwhelming results.