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Britain's ASOS founder steps down as CEO

Reuters - UK Focus

LONDON, Sept 2 (Reuters) - The founder of British online fashion retailer ASOS (LSE: ASC.L - news) is stepping down as chief executive after 15 years that have seen the firm transformed from an internet minnow to a retail powerhouse.

ASOS said on Wednesday that Nick Robertson, who owns 8.4 percent of its equity, according to Reuters data, will quit as CEO but remain at the firm as a non-executive director.

It (Other OTC: ITGL - news) said Nick Beighton, the company's chief operating officer, would succeed Robertson as CEO, adding the changes take effect immediately. (Reporting by James Davey; editing by Kate Holton)