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Boohoo shakes up directors ahead of IPO

Young fashion etailer has completed the shake up of its executive and non-executive board ahead its floatation next week.

As of today, March 4, two new non-executive directors, David Forbes and Stephen Morana, have been appointed to the board.

Morano is currently chief financial officer at Zoopla property group and Forbes, a chartered account, has worked in investment banking for 22 years.

Morano and Forbes will join ex-Shop Direct boss Mark Newton-Jones and former Asos non-executive Peter Williams, on the non-executive board, along with current member Petar Cvetkovic, chief executive of delivery company DX Group.

Mahmud Kamani, Carol Kane and Neil Catto will remain as executive directors at the company.

Boohoo is planning to list on the Alternative Investment Market (Aim) in London from March 14. Shares are expected to be priced at 50p each in a stock market flotation that will value the online fashion retailer at more than £500m.

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