ASOS COO, CFO Mat Dunn to step down amid restructure

ASOS shares slumped on Wednesday after the online fashion retailer said that chief operating officer and chief financial officer Mat Dunn will step down from his roles as the company restructures its executive team.

Dunn will continue in his role and as a member of the board until at least the end of October and will remain employed until the end of the year to provide transitional support, ASOS said.

Chairman Jørgen Lindemann said: "I would like to thank Mat for the enormous contribution he has made to ASOS over the past three years, and in particular during his time as interim CEO.

"Mat has worked tirelessly to ensure that ASOS has been able to make continued strategic progress, despite the prevailing market conditions which have existed since the global pandemic. We wish him well in the next chapter of his career."

A process to appoint a new CFO is underway, ASOS said, and a further announcement will be made in due course.