ASOS chairman quits for role at BT Group

ASOS has announced that Chairman Adam Crozier will step down before the end of 2021, having accepted a new job as Chairman of telecommunications BT Group.

The online fashion giant confirmed that the process to find a new Chair has already commenced, with Crozier remaining on the Board and continuing as Chairman until 28 November 2021, which marks the end of his three-year term of office.

Crozier is an experienced chairman with significant operational and transformational experience in both public and private businesses across a range of industries, making him an ideal candidate to chair BT.

He has a strong track record in turning around organisations and for his ability to build and lead successful management teams. Earlier in his career and for over 20 years he was a CEO across four different sectors, most recently as the CEO of ITV and before that as CEO of Royal Mail, where he led its modernisation and transformation.

Speaking about his new role, Adam Crozier said: "BT is a hugely important company, with a critical role to play in building the digital networks and services to support the UK’s future. I look forward to working with the Board, Philip (Jansen, CEO) and his executive team to create value for all our stakeholders."

Last month, ASOS voiced caution over how the rest of the global COVID pandemic will play out saying it expects volatility in the months ahead. It also highlighted that profits are being squeezed in part due to increased freight costs and global supply chain disruption.