Boohoo appoints new independent chair

Boohoo has announced the appointment of Tim Morris as the company’s independent chair with immediate effect.

In his role as chair, Morris will be responsible among other things for overseeing the Group’s recently announced Business Review.

Alongside this, Mahmud Kamani will become executive vice chair with immediate effect.

Kamani has also agreed to waive his current salary at boohoo for the next 12 months.

The board has decided to divide the role between his executive capacity and his role as the board’s chair, to enable the company to have an independent chair and allow Mahmud to continue his day to day executive role.

The appointment follows a series of steps taken by the board since announcing its business review.

This includes the completion of the refinancing, the appointment of Dan Finley as group CEO and the successful fundraising of c.£39.3m.

Morris said: “I am delighted to be appointed by the Board as Chair of boohoo. My appointment follows a series of decisive steps taken by the Board since launching its business review, including the completion of the refinancing, the appointment of Dan Finley as our new CEO and the successful fundraising.

“I am excited to lead boohoo through the next phase of its development, alongside Dan and the wider board, with the focus on delivering maximum value for, and protecting the interests of, all shareholders.”