July 3, 2018 / 6:43 AM / 10 months ago

ASOS names former ITV boss Crozier as next chairman

A model walks on an in-house catwalk at the ASOS headquarters in London April 1, 2014. REUTERS/Suzanne Plunkett

LONDON (Reuters) - British online fashion retailer ASOS (ASOS.L) said on Tuesday Adam Crozier, the former boss of broadcaster ITV (ITV.L), will succeed Brian McBride as its chairman.

Crozier, the current chairman of hotels-to-coffee-chain group Whitbread (WTB.L), will take over from McBride, who has been with ASOS for six years, after its annual shareholders’ meeting on Nov. 29.

Established in 2000 for fashion-conscious twenty-somethings, ASOS is Britain’s biggest e-commerce success story and its current market capitalisation of 5.12 billion pounds is bigger than Marks & Spencer’s (MKS.L).

Crozier, 54, was ITV’s chief executive until June 2017 and is also a former boss of the Royal Mail and the Football Association.

Reporting by James Davey, Editing by Paul Sandle

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