Asos founder and chief exec to step down from fashion giant
ASOS founder and boss Nick Robertson is expected to announce his departure from the top job at the fashion website this morning.
Robertson, who set up the company, one of the UK’s most high-profile tech success stories in 2000, has told the board he wants to step down from the top job but remain on as a non-executive director, according to Sky News which first reported the story.
Robertson will keep an 8.9 per cent stake in the firm worth hundreds of millions of pounds.
Current chief operating officer Nick Beighton is widely tipped to take the top job at the world’s second most visited fashion website and sources said a succession plan at the e-tailer had been well underway for some time.
Asos declined to comment on the leadership change.
Shares in Asos dipped yesterday to close down 0.33 per cent.