When it was announced that Asos.com founder Nick Robertson (number 21) was stepping down from the business after 15 years, shares instantly dropped 5%. However, once investors had a chance to swallow the news, and size up Nick Beighton as his replacement, they clawed back up 6%.
Now the chartered accountant who joined Asos in April 2009 as chief financial officer sits just nine places behind than his old boss and mentor as a new entry. Having only been in the role three months, he has a lot to prove, especially after the tumultuous year the ecommerce giant has had with a series of profit warnings, for which Beighton must take some responsibility. More recently Asos revealed its pre-tax profits had edged up 1% to £47.5m for the year to August 31, which Beighton said showed “encouraging progress.” His focus for 2016 should be gearing Asos up to compete in an increasingly crowded online market and the industry will be watching with interest to see where he takes the etailer next.