ASOS appoints Sean Glithero as interim CFO

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LONDON (Reuters) – British fashion retailer ASOS appointed Sean Glithero as interim chief financial officer on Friday to help the company complete its turnaround plan.

Sean Glithero, who previously held positions at Auto Trader, Funding Circle and MatchesFashion, has already joined the company, OSOS said.

He will succeed current interim chief financial officer Katy Mecklenburgh, who will leave the company in May.

The group also said it had taken steps to simplify decision-making processes and strengthen its management team, with 75% of the positions of a new team of 12 people being filled.

The retailer had announced in October a review of its business model after the economic crisis, combined with a series of operational problems, reduced its profits.

The title ASOS fell by 1.5% at 08:07 GMT on the London Stock Exchange.

(Reporting by James Davey, French version Dina Kartit, editing by Kate Entringer)

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