Mat Dunn, chief operating officer and chief financial officer of Asos, is to step down as part of a restructuring of its executive team.

Dunn joined the board of Asos in April 2019 as chief financial officer before taking on the additional role of chief operating officer in October 2021.

He will continue in his role and as a member of the board until at least 31 October 2022, and will remain employed until the end of the year to provide transitional support.

A process is under way to appoint a new CFO, and Asos said a further announcement will be made in due course.

In June, Asos appointed José Antonio Ramos Calamonte as its new chief executive, replacing Nick Beighton, who left last October. Calamonte was chief commercial officer of Asos, and became CEO with immediate effect.