Asos lines up chief commercial officer for CEO role

Asos is reportedly set to name José Antonio Ramos Calamonte as its new chief executive, following Nick Beighton’s departure from the role last year. 

Ramos Calamonte, the current chief commercial officer at the fashion giant, is now said to be the frontrunner for the top role, according to a report by the Sunday Times.

Calamonte joined Asos from Portuguese retailer Salsa Jeans last year, where he was chief executive for almost two years. Prior to this, he led the commercial strategy for brands including Zara owner Inditex.

Beighton left Asos in October 2021 after 12 years with the business, telling the company’s board he would not lead its expansion abroad.

READ MORE: Asos, Currys and Gymshark hit back at government’s online sales tax proposition

At the time, Beighton said: “I leave a business reporting turnover of almost £4bn, with more than 3,000 fantastic Asos-ers delivering for 26 million customers in 200 markets around the world.”

“I am particularly proud of the way in which we have led our industry on putting sustainability at the heart of everything we do with our Fashion with Integrity programme. I wish Mat and the rest of the team well for the next phase of the Asos journey.”

According to The Times, the search for a new chief executive had been delayed by the firm’s attempt to headhunt Rob Hattrell for the role, after the head of eBay’s European arm turned down the offer.

In its latest half-year update, Asos revealed pre-tax profits fell 115% year-on-year from £106.4m to a pre-tax loss of £15.8m in the six months to 28 February 2022.

The retailer also expects to take an additional £14m hit after its decision to suspend sales in Russia, with revenue growth expected to drop by 2%.

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