AO World promotes Mark Higgins to chief financial officer role
Domestic appliance retailer AO World has promoted Mark Higgins to the role of chief financial officer.
Higgins joined AO World as group finance director in 2011 and for some time has been supporting Steve Caunce in his dual role of chief operating officer and chief financial officer.
Richard Rose, AO World chairman, said: “With the financial reporting and corporate governance requirements of a public company and the increasing scale and complexity of AO’s operations, the board has decided it is now appropriate for the COO/CFO role to be separated.”
Rose said Caunce will remain on the board as chief operations officer and will focus on operational matters which are expected to increase as the business expands.
Higgins said: "AO is an exceptional business and we have a clear long-term strategy which is progressing well and which I, together with the rest of the board, look forward to delivering."
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