Boohoo appoints chair of audit committee

Boohoo has announced the appointment of Shaun McCabe to its board as an independent non-executive director, where he will assume the role of chair of the audit committee.

Following his appointment, which takes place with immediate effect, he will also sit on the group’s remuneration and nomination committees.

McCabe brings with him “extensive” financial experience across both e-commerce and retail. He is currently the CFO of Trainline, as well as a non-executive director at AO World, where he is also a member of its remuneration and nomination committees. 

Prior to joining Trainline, he was the international director at ASOS and CFO for Amazon Europe. He currently holds 100,000 ordinary shares of £0.01 each in the group, representing 0.008% of its issued share capital.

Mahmud Kamani, group executive chairman, said: “As executive chairman, I am committed to supporting and driving our agenda for change to build a better boohoo for the benefit of all of the group’s stakeholders. 

“On behalf of the board I am delighted to welcome Shaun to the group. His deep knowledge and experience of e-commerce and retail will be a great asset to the board.” 

He added: “As a group we are committed to implementing our agenda for change that will help us on our journey to lead the fashion e-commerce market globally, and look forward to providing further regular updates on our progress in due course.”

McCabe said: “I am delighted to be joining boohoo at an exciting time when it is implementing its agenda for change. 

“Having spoken extensively with fellow members of the board, I look forward to helping the group add further independent experience and increased oversight on matters of compliance and business practices.”