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Boohoo hires ex-Asos and Amazon director as new CFO

// Boohoo hires ex-Asos and Amazon executive Shaun McCabe as new finance boss
// McCabe, who has been a non-executive director at the retailer since 2020, will replace Neil Catto

Boohoo has appointed former Asos and Amazon exec Shaun McCabe as its new finance chief.

McCabe, who has been a non-executive director at the retailer since 2020, will replace Neil Catto who will stay on the board as an executive director responsible for strategic projects.

McCabe is currently CFO of Trainline. He was previously international director of Asos and CFO for Amazon Europe.

Boohoo said McCabe is expected to take up his new role later this year, with Catto remaining as finance chief until then.

READ MORE: Boohoo posts first ever UK sales drop as shoppers face cost-of-living crisis

The online fashion retailer posted its first UK sales drop last week as it struggles with supply chain disruption and shifting post-pandemic consumer trends.

Boohoo posted a 1% fall in UK revenue while overall sales dropped 8% in the three months to 31 May 2022.

Boohoo said it had been anticipating a slowdown of sales as consumers’ online shopping in lockdown fuelled previously strong comparatives.

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