LONDON — Kate Bostock, the British fashion retail veteran who joined Asos.com in January, has stepped down from her post.
Bostock, who has held senior design positions at Asda and Marks & Spencer, had been serving as executive director for product and trading, a newly-created position at Asos.
“Kate and I have agreed that Asos is not the right platform for her talent. Of course we are disappointed that things haven’t worked out, and Kate leaves with our very best wishes. In the meantime, we have a very strong team in place and the business continues to fire on all cylinders,” said Nick Robertson, chief executive officer at Asos.
Asos said Bostock has resigned from the company and stepped down from the board with immediate effect, and that her role would be fulfilled by the existing retailing team. The statement said the Asos board would consider whether the company needs to replace her.
“Asos is a formidable business, and I have great respect for the team I have been working with: They are right at the cutting edge of young online fashion,” Bostock said. “Sadly, I’ve concluded that Asos isn’t the right place for me. I will not regret the experience and I wish Nick and all at Asos continued success.”
Before joining Asos, Bostock was executive director of general merchandise and a main board director at Marks & Spencer, a role she stepped down from in early October. She has also held senior roles at Asda’s George brand and Next.
Asos shares edged up 0.3 percent to 44.95 pounds, or $67.85, following the news.