Boohoo appoints McCabe to chair audit committee following slavery allegations

Boohoo has appointed Shaun McCabe to its board as new audit committee chair following the modern slavery allegations made against the group earlier this year.

McCabe’s is one of two non-executive board appointments Boohoo is expected to make in line with the suggestions made in the Alison Levitt QC review of its supply chain in September.

The retailer has committed Levitt’s “agenda for change”, which includes a detailed audit of its supply chain in which the retailer must publish a list of all suppliers by the end of next year.

McCabe, who will join the group with immediate effect, will take on the role of chair for the fashion etailer’s audit committee, as well as sitting on Boohoo’s remuneration and nomination committees.

He is currently chief financial officer for Trainline, and holds a non-executive role at AO.com where he is also a member of the electronics retailer’s audit and remuneration committees.

Before joining Trainline, McCabe held the roles of international director for Asos and chief financial officer for Amazon Europe.

Founder and executive chair Mahmud Kamani said: “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 ecommerce 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 ecommerce market globally, and look forward to providing further regular updates on our progress in due course.”

McCabe added: “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.”

The news comes just one month after PwC resigned as auditor for Boohoo amid corporate governance concerns, with reports suggesting other top firms have declined the role.