July 3, 2018 / 6:43 AM / 13 days ago

ASOS names former ITV boss Crozier as next chairman

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.

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

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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