Boohoo appoints new non-executive director
Boohoo has announced that Iain McDonald will be joining the board as non-executive director following the departure of Stephen Morana.
Morana, who currently chairs the company’s Audit Committee, is to leave the business on 1 July. The committee will continue to be chaired by David Forbes, senior independent director.
Meanwhile, McDonald will take up the non-executive director role on 1 September. He is currently non-executive chairman of international online retailer MySale Group and a director of British e-commerce company The Hut Group. He also holds a director role at Houseology.com.
Upon his appointment, McDonald will chair the Remuneration Committee to allow its current chair David Forbes to focus solely on Audit Committee matters.
Peter William said on Iain McDonald’s appointment: “Iain's insight in the ecommerce world will be a great asset at this time in the group's growth. The board very much look forward to working with him."
The online retailer has recently revealed that sales for the quarter to 31 May more than doubled and is now hoping to reach a turnover of £3 billion.
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