Boohoo appoints new Non-Executive Director

Boohoo (LON: BOO) has announced Shaun McCabe to be the new independent non-executive director.

Currently the chief financial officer at Trainline and the non-executive director at AO World, McCabe will join the fast-fashion retailer to improve governance issues.

Boohoo is working on issues following the scandal on poor working conditions at a factory in Leicester.

Mahmud Kamani, the executive chairman, commented: “As Executive Chairman, I am committed to supporting and driving our agenda for change to build a better boohoo for the benefit of all of the Group’s stakeholders. On behalf of the Board I am delighted to welcome Shaun to the Group. His deep knowledge and experience of e-commerce and retail will be a great asset to the Board. As a Group we are committed to implementing our agenda for change that will help us on our journey to lead the fashion e-commerce market globally, and look forward to providing further regular updates on our progress in due course.”

Shaun McCabe, said on his new role: “I am delighted to be joining boohoo at an exciting time when it is implementing its agenda for change. Having spoken extensively with fellow members of the Board, I look forward to helping the Group add further independent experience and increased oversight on matters of compliance and business practices.”

Following the news, shares in Boohoo (LON: BOO) increased by 2%. They are currently trading +1.83% at 289,40 (1404GMT).