Boohoo Group PLC (AIM:BOO) on Tuesday said its finance chief has stepped down as it reported trading remains in line with market expectations.
The online retailer gave no further details on its trading performance in a very brief statement and said it would report final results for the year ended 28 February 2024 in May.
Boohoo said Shaun McCabe has stepped down from his role as CFO by mutual agreement and with immediate effect.
McCabe joined the board in October 2020 as an independent non-executive director and was subsequently appointed CFO in October 2022.
Stephen Morana has been named as the new CFO starting on February 19, bringing expertise from equivalent roles at Betfair and Zoopla.
In October, Boohoo predicted annual revenue would decline between 12% and 17% from £1.77 billion achieved the year prior while adjusted EBITDA margin is expected between 4% and 4.5%.