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UK's ASOS names former ITV boss Crozier as next chairman

Reuters - UK Focus

LONDON, July 3 (Reuters) - British online fashion retailer ASOS (LSE: ASC.L - news) said on Tuesday Adam Crozier, the former boss of broadcaster ITV (Frankfurt: A0BLQP - news) , will succeed Brian McBride as its chairman.

Crozier, the current chairman of hotels-to-coffee-chain group Whitbread (Frankfurt: WHF4.F - news) , will take over from McBride (LSE: MCB.L - news) , 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 ($6.73 billion) is bigger than Marks & Spencer (Frankfurt: 534418 - news) 's.

Crozier, 54, was ITV's chief executive until June 2017 and is also a former boss of the Royal Mail (LSE: RMG.L - news) and the Football Association. ($1 = 0.7606 pounds) (Reporting by James Davey, Editing by Paul Sandle)