Boohoo trading in line with expectations as CFO exits with immediate effect

Boohoo said trading was in line with market expectations over the key Christmas period as it revealed its finance chief had left the business.

The fashion retailer said Shaun McCabe had stepped down from his role as chief financial officer “by mutual agreement and with immediate effect”.

McCabe is to be replaced by former Zoopla finance boss Stephen Morana, who joins the business on 19 February.


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Boohoo said Morana, who was a non-executive director at Boohoo between 2014 and 2017, is widely recognised for his ecommerce expertise and has helped to create significant shareholder value at his former companies.

The group’s executive chairman Mahmud Kamani said: “Stephen is a highly regarded finance director who is well known to Boohoo, having previously served on our board in a non-executive capacity for four years.

“He supported us through the IPO process and in our early years as a PLC. While the business has grown significantly since then, Stephen has a wealth of experience with global digital businesses and is therefore very well placed to support the strategy in pursuit of our growth ambitions.”

Boohoo will report its full results for the year to 28 February in May.

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