// Asos confirms that chairman Adam Crozier will be stepping down
// A process to find a successor has already commenced, and Crozier will remain chairman until Nov 28
// Crozier will move on to become chairman of BT Group
Asos has confirmed that its chairman Adam Crozier will be stepping down from his post to join BT Group in the same role.
In a statement, the online fashion retail giant said it has already commenced the process to appoint his successor.
Crozier will remain on the Asos board and continue as chairman until November 28, which marks the end of his three-year term of office.
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Crozier is a City stalwart who was appointed to the position in 2018, replacing Brian McBride at the time.
He first emerged as a corporate leader at Saatchi & Saatchi, becoming joint chief executive of the advertising agency.
He then went on to become chief executive of ITV, Royal Mail and The Football Association, and also chairman of Vue International.
He took the chair at Asos in 2018 and had to guide it through IT problems at its warehouses.
At BT, Crozier will be expected to stabilise the board and help manage BT’s relationships with Ofcom.