Boohoo has appointed Tim Morris as independent chair with immediate effect.

In his new role, Morris will be responsible for overseeing the firm’s business review, which will be led by Dan Finley and supported by the rest of the board.

Boohoo said Morris’ experience across legal, governance, business and board advisory, will ensure high standards of corporate governance continue to be upheld.

Elsewhere, Boohoo’s co-founder Mahmud Kamani will take on the role of executive vice-chair.

Boohoo said the move will enable the company to have an independent chair whilst allowing Kamani to continue his executive role.

Additionally, Alistair McGeorge will remain as senior independent director to add further independence to the board.

The appointment follows the news that John Lyttle, chief executive of Boohoo, will step down after a five-year term.

The fast fashion company recently announced a series of measures taken to reverse a drop in revenues. This includes securing a new £222 million debt facility comprising a £125 million revolving credit facility maturing in October 2026 and a £97 million term loan repayable by August 2025.

The appointment of Morris follows an open letter from Frasers Group to Boohoo shareholders to replace Kamani with Mike Ashley.

The company asked Boohoo shareholders to vote to appoint Ashley and restructuring expert Mike Lennon as directors of the company at the next shareholder meeting in December.

Frasers said that Kamani “must go” due to disappointing results and the refinancing deal.

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