Asos CFO Helen Ashton departs unexpectedly

| March 5, 2018

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Asos chief financial officer Helen Ashton has announced her surprise departure from the online retailer. Though Ashton will officially step down on April 30, she will remain at the retailer until August 31 to ensure a smooth transition. It is understood that chief executive Nick Beighton will act as interim CFO until a replacement is found. “The board expresses its appreciation for the contribution that Helen has made to the group during her tenure and wishes her all the very best in the next stage of her career,” Asos stated. It is not known whether Ashton, who has worked for the retailer for over two years, has yet secured another role. Prior to working at Asos, Ashton was chief executive at Capquest Group, following senior financial roles in Lloyds, Barclaycard and Asda. In the four months to December 31, Asos reported a 30 per cent rise in sales to £790.4 million.

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