The CFO of ASOS Plc is to step down after just 14 months in the role.
Dave Murray joined the online fashion retailer in April 2024 following a period where it saw revenues tumble but has now decided to leave to “pursue other opportunities”.
His role in building a “significantly stronger and more resilient business” was hailed by CEO José Antonio Ramos Calamonte.
In ASOS’s most recent half-year results revenues fell 13% to £1.3bn, with active customers dropping 16%, but losses were narrowed as the business focuses on profitability. Adjusted EBITDA was £42.5m.
Aaron Izzard has been appointed as its next CFO, and as an executive director, with effect from 1st July 2025 after he was promoted. Murray will remain with the business for a period to facilitate a handover.
Izzard brings more than two decades’ experience across a range of senior finance roles in the retail and eCommerce industry. Most recently director of group finance, ASOS said he has been instrumental in driving a comprehensive cost-efficiency programme, demonstrating a relentless focus on operational improvements and improving customer experiences.
“Now is the time to further strengthen our focus on delivering sustainable, profitable growth and better customer experiences,” continued Calamonte.
“Aaron has a strong track record of delivering operational efficiency and strategic thinking which will be key to continuing our successful transformation. I am confident that his experience and skills will be a great asset as CFO in the next phase of our journey.
“Dave has played an important role in helping lay the foundations for the next phase of our journey, having successfully overseen our refinancing and stock reduction.”
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