Boohoo has announced the appointment of Stephen Morana as chief financial officer.

Morana, who begins his role on 19 February, has previously worked as chief financial officer at Betfair and Zoopla at the time of their IPO.

He has also served as non-executive director at gambling firm Entain and was a partner at Octopus Ventures.

Morana succeeds Shaun McCabe, who has stepped down from the role by mutual agreement with immediate effect.

McCabe, who has also stepped down from the board, joined the company as non-executive director and chair of the audit and risk committees in 2020. He was appointed chief financial officer in 2022.

"Stephen is a highly regarded finance director who is well known to boohoo, having previously served on our board in a non-executive capacity for four years,” said Mahmud Kamani, group executive chairman of Boohoo. “He supported us through the IPO process and in our early years as a PLC.

“While the business has grown significantly since then, Stephen has a wealth of experience with global digital businesses and is therefore very well placed to support the strategy in pursuit of our growth ambitions."

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