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ASOS names former ITV boss Crozier as next chairman

Published 07/03/2018, 08:41 AM
Updated 07/03/2018, 08:50 AM
© Reuters. A model walks on an in-house catwalk at the ASOS headquarters in London
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LONDON (Reuters) - British online fashion retailer ASOS (LON:ASOS) said on Tuesday Adam Crozier, the former boss of broadcaster ITV (LON:ITV), will succeed Brian McBride as its chairman.

Crozier, the current chairman of hotels-to-coffee-chain group Whitbread (LON:WTB), will take over from McBride, who has been with ASOS for six years, after its annual shareholders' meeting on Nov. 29.

Established in 2000 for fashion-conscious twenty-somethings, ASOS is Britain's biggest e-commerce success story and its current market capitalization of 5.12 billion pounds is bigger than Marks & Spencer's.

Crozier, 54, was ITV's chief executive until June 2017 and is also a former boss of the Royal Mail (LON:RMG) and the Football Association.

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