Changes in the Boohoo boardroom

Manchester-based online fast fashion retailer Boohoo.com says its non-executive director and audit committee chairman Stephan Morana will step down from July 1 and will be replaced by David Forbes.

Forbes is currently senior independent director and is also a member of the audit committee.

Meanwhile, Iain McDonald is joining the board as non-executive director from September.

He is currently non-executive chairman of MySale Group and a director of The Hut Group and Housology.com.

He will chair the remuneration committee to allow Forbes to focus on audit committee matters.

Peter Williams, non-executive chairman, said: “On behalf of the Board, I would like to thank Stephen for his positive contribution to the company and in particular for his stewardship of the audit  ommittee. His financial experience and market insight has been invaluable during this transformational period in the company’s development.

“I am delighted to welcome Iain to the company. 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.”

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