Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Asos top management pocket nearly £60m

Asos’ top management took home more than £2.6m in pay, and pocketed a further £55m through selling off shares in the year to August 31, 2013.

Kate Bostock was paid more than £414,000 for her seven month tenure at the etailer, while chief executive Nick Robertson pocketed more than £803,000 for the year according to documents filed at Companies House last week.

Bostock joined the business from Marks & Spencer in the middle of January as executive director of product and trading. She resigned in mid-July, before resurfacing at Aurora Fashions’ occasionwear business Coast.

She was not the only departing member of Asos’ staff to do well. Asos executive Rob Bready, who this year joined Lord Waheed Alli’s Indian etail venture Koovs, took home just under £290,000, receiving a £75,000 pay off for “loss of office”.

Lord Alli was himself paid £62,500 as a non-executive director of Asos.

Chief financial officer Nick Beighton received £604,000 while international director Jon Kamaluddin took home £527,000.

This financial year saw several of Asos’ top brass sell off more than £55m-worth of shares, with both Robertson and Lord Alli realising £16m apiece last October.

Bready sold £8.4m-worth of shares, while Beighton and Kamaluddin sold off £7.8m and £6.5m each.

 

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.