Boohoo appoints new non-exec director
Online fashion retailer Boohoo has announced that Stephen Morana is to step down as a non-executive director and will be replaced by MySale chairman Iain McDonald.
Due to leave the business on 1 July, Morana currently chairs the audit committee and will be succeeded in this position by David Forbes.
Peter Williams, Boohoo non-executive chairman, said: “On behalf of the board, I would like to thank Stephen for his positive contribution to the company and in particular for his stewardship of the audit committee. His financial experience and market insight has been invaluable during this transformational period in the company’s development.
McDonald will join the Boohoo board on 1 September. As well as being chairman of MySale Group, he is also a director of The Hut Group and Houseology.com.
Williams added: “I am delighted to welcome Iain to the company. Iain’s insight in the ecommerce world will be a great asset at this time in the group’s growth. The board very much look forward to working with him.”
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