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Asos chairman Adam Crozier to step down

Asos has announced that Adam Crozier is to step down as chairman then take up the same position at BT Group. In a statement, the online… View Article

FASHION

Asos chairman Adam Crozier to step down

Asos has announced that Adam Crozier is to step down as chairman then take up the same position at BT Group.

In a statement, the online fashion retailer said it has already commenced the process to appoint his successor.

Crozier will will remain on the Asos board and continue as chairman until 28 November. At that point, he will have completed a three-year tenure.

Previously chairman of Vue International, his past roles also include being chief executive of ITV, Royal Mail and The Football Association. He is also a past joint chief executive of Saatchi & Saatchi.

Last month, Asos reported that its group sales increased by 21% in constant currency to £1.29 billion in the four months to 30 June following a particularly strong performance in the UK. It also said that its full year adjusted pre-tax profit is anticipated to be in line with expectations.

At BT, Crozier will succeed Jan du Plessis and will take up his new role on 1 December. Du Plessis said: “I am delighted Adam is succeeding me. BT is a truly unique and special business and what this company does really matters to so many people. I wish Adam every success as he joins the board at a very exciting time for the company and I wish BT the very best for the future.”

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