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Adiós Asos: CEO and Founder Nick Robertson Steps Down

Nick Robertson, the founder of British fashion and accessories retailer Asos, announced Wednesday he has stepped down as chief executive officer after 15 years. Robertson, who will remain with Asos as a non-executive director, is succeeded by Nick Beighton, the company’s chief operating officer.

Since joining Asos in 2009 as chief financial officer, Beighton has worked closely with Robertson on the growth of the company. Last October he was appointed chief operating officer, widening his management responsibilities beyond finance. Helen Ashton has been appointed to fill Beighton’s role as chief financial officer. The management changes take effect immediately.

In a press release, Asos Chairman Brian McBride, said, “On behalf of everyone who works at ASOS, I’d like to acknowledge Nick Robertson’s extraordinary achievement. His passion and vision have built a start-up into a world class company. We are all delighted that Nick will continue to contribute to the Company that he started.”

He added, “We are fortunate to have such an able successor for the CEO role in Nick Beighton. Nick has unique experience of the Company built over six years, equipping him to drive ASOS along its growth trajectory to become the world’s leading online fashion retailer for 20-somethings.”