// Asos CFO and COO Mat Dunn acted as interim boss following Nick Beighton’s departure
// Dunn’s departure latest move in wider board restructure
Asos chief operating officer and chief financial officer Mat Dunn is to step down from his roles in the latest move in the restructuring of the online fashion retailer’s executive team
Dunn and the Asos board said that they had agreed a “phased plan” under which he will continue in his role and as a member of the board until at least 31 October this year and will remain employed until the end of the year to provide transitional support.
Dunn, who was previously CFO at Britvic, joined the board of Asos in April 2019 as CFO before taking on the additional role of COO in October 2021.
Following the departure of former CEO Nick Beighton last year, Dunn had also been acting as the interim boss of the business until it appointed new CEO and former chief commercial officer José Antonio Ramos Calamonte in mid-June.
READ MORE: Asos names new CEO and chair as it warns on profits
Veteran retail analyst Nick Bubb suggested that Dunn’s departure could be due to him being overlooked for the CEO position.
He said: “It appears that Mat Dunn was not entirely happy to be passed over as the new CEO at Asos a couple of months ago, as he now wants to move on to ‘a new challenge'”
ASOS chairman Jørgen Lindemann said: “I would like to thank Mat for the enormous contribution he has made to Asos over the past three years, and in particular during his time as interim CEO.
“Mat has worked tirelessly to ensure that Asos has been able to make continued strategic progress, despite the prevailing market conditions which have existed since the global pandemic. We wish him well in the next chapter of his career.”
Dunn added: “I have very much enjoyed my time at Asos. We have achieved a lot over the last three years and the business is stronger as a result and I am sure will go on to great success.
“I am looking forward to my next challenge, but I will continue to follow what is happening at Asos and I wish the board, José and the rest of the team all the best for the future.”
Asos said that a process is underway to appoint a new CFO.
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