Online fashion etalier Boohoo has announced that Mark Newton-Jones will step down as non-executive director at the end of this month.

The company has stated that it has already begun the search to replace Newton-Jones, who has held the position on the board for three years both before and after its AIM listing.

“I would like to thank Mark for his positive contribution to the board in the conversion from being a private to a public company and in particular for his retail insights,” Boohoo chairman Peter Williams said in a statement this morning.

Joint chief executive Mahmud Kamani echoed the sentiments.

“Mark‘s insight as a retailer has been hugely helpful to Carol and me over the last three years,” he said.

“We both thank him for his friendship and his valuable contribution as we‘ve established Boohoo as a listed business.”

The company stated it would make a further announcement “in due course” once a replacement has been found.