Tuesday 13 November 2018

Online fashion giant Asos appoints new finance chief

Mathew Dunn replaces Helen Ashton in the role.

Asos has a new finance chief (Rui Vieira/PA)
Asos has a new finance chief (Rui Vieira/PA)

By Ravender Sembhy, Press Association City Editor

Online fashion retailer Asos has appointed Mathew Dunn as its new finance chief.

Mr Dunn, most recently chief financial officer of drinks firm Britvic, will take up his role in the spring of 2019.

He replaces Helen Ashton, who notified the group’s board of “her desire to move on from her current role” earlier this year.

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Asos chief executive Nick Beighton (Asos/PA)

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.”

Mr Dunn said: “I’m very much looking forward to working with the Asos team.

“I’m motivated by their ambitious plans to realise the significant potential still ahead for the company”.

The news comes a week after Asos reported another year of double-digit sales and profit growth despite ongoing investment in increasing capacity.

Group revenues climbed 26% to £2.42 billion in the year to the end of August.

Retail sales were up 26% to £2.36 billion, supported by growth of more than 20% in both the UK and international markets.

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A woman browses the Asos website (Tim Goode/PA)

This marked the group’s third consecutive year of sales growth in excess of 20%.

Meanwhile, pre-tax profits were broadly in line with market expectations, coming in 28% higher than last year at £102 million.

Press Association

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