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August 17, 2022

Asos COO and CFO Dunn to step down amid restructure

UK online fashion retailer Asos says its chief operating officer (COO) and chief financial officer (CFO) Mat Dunn is to depart the company.

By Beth Wright

In a statement this morning (17 August), Asos says its board and Dunn have agreed a phased plan under which Dunn will step down from his roles as COO and CFO as Asos restructures its executive team. 

Dunn will continue in his role and as a member of the board until at least 31 October and will remain employed until the end of the year to provide transitional support. Dunn joined the board of Asos in April 2019 as CFO before taking on the additional role of COO in October 2021 amid the news that former CEO Nick Beighton was to step down.

The online retailer recently named chief commercial officer José Antonio Ramos Calamonte as its new CEO and Jørgen Lindemann as chair.

“I would like to thank Mat for the enormous contribution he has made to Asos over the past three years, and in particular during his time as interim CEO. Mat has worked tirelessly to ensure that Asos has been able to make continued strategic progress, despite the prevailing market conditions which have existed since the global pandemic. We wish him well in the next chapter of his career,” says Lindemann.

Dunn adds: “I have very much enjoyed my time at Asos. We have achieved a lot over the last three years and the business is stronger as a result and I am sure will go on to great success. I am looking forward to my next challenge, but I will continue to follow what is happening at Asos and I wish the board, José, and the rest of the team all the best for the future.”

Asos noted a process is underway to appoint a new CFO and a further announcement will be made in due course.

Earlier this month, the retailer appointed Stradivarius product director Elena Martínez Ortiz as its new womenswear director of its own-brand Asos Design.

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