ASOS founder steps down as CEO

LONDON (Reuters) - The founder of British online fashion retailer ASOS <ASOS.L> is stepping down as chief executive after 15 years that have seen the firm transformed from an internet minnow to a retail powerhouse.

ASOS said on Wednesday that Nick Robertson, who owns 8.4 percent of its equity, according to Reuters data, will quit as CEO but remain at the firm as a non-executive director.

It said Nick Beighton, the company's chief operating officer, would succeed Robertson as CEO, adding the changes take effect immediately.

(Reporting by James Davey; editing by Kate Holton)

Article Published: 02/09/2015