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ASOS PLC’s chief financial officer, Helen Ashton to unexpectedly quit her role from next month

The AIM-listed online fashion retailer said Ashton will retire from the board on April 30 but remain an employee of the company until August 31 to ensure an orderly handover

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ASOS said its chief executive Nick Beighton, who was previously CFO of the retailer, will cover Ashton's role until her replacement is identified

ASOS plc’s (LON:ASC) chief financial officer, Helen Ashton will unexpectedly quit her role with the online fashion retailer from next month.

In a brief statement, the AIM-listed group said Ashton, its finance chief since September 2015, will retire from the board on April 30 but remain an employee of the company until August 31 to ensure an orderly handover.

READ: Sales soar at Asos, driven by “exceptionally strong” UK performance

The firm said its chief executive Nick Beighton, who was previously CFO of the retailer, will cover Ashton's role until her replacement is identified. 

ASOS did not say if Ashton has another job to go to.

Back in January, the online retailer revealed that its sales soared over the Christmas period, driven by an “exceptional performance” in its core UK market.

ASOS' UK sales grew by 18%, with shoppers taking a particular liking to a new same-day delivery option and a ‘Try Before You Buy’ feature this time around.

The group’s total sales – which included contributions from the US, Europe and the rest of the world – jumped 30% to £790.4mln (2016: £605.7mln), above the top end of its guidance

In line with its plans, ASOS said, gross margins were up 80 basis points year-on-year.

Quick facts: ASOS PLC

Price: 4622 GBX

AIM:ASC
Market: AIM
Market Cap: £4.6 billion
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