N Brown in board changes as chairman Davies leaves

Manchester-based online fashion and home goods retailer N Brown Group announced that Matt Davies will step down as chairman with effect from March 31, 2021, “to spend more time on his other business activities.”

N Brown has five brands — Simply Be, JD Williams, Ambrose Wilson, Jacamo and Home Essentials — and employs 2,000 people across the UK.

“The board would like to thank Matt for his contribution over the past three years and for guiding the business through a successful refinancing and transfer to AIM,” said N Brown.

Ron McMillan will relinquish his roles as senior independent director and audit committee chair of N Brown and will succeed Davies as chairman.

McMillan is currently audit committee chair and senior independent director of B&M European Value Retail SA and SCS Group Plc, and audit committee chair of Homeserve Plc.

Gill Barr will succeed McMillan as N Brown’s senior independent director.

On an interim basis, Vicky Mitchell will assume the audit committee chair role.

“Vicky chairs the financial services board and has been a member of the audit committee since January 2020,” said N Brown.

“A recruitment process is underway for an additional independent non-executive director who will become the permanent audit committee chair.

“Following these changes, and prior to the appointment of an additional independent non-executive director, the board will comprise the chair (who is independent on appointment), the group CEO and CFO and seven non-executive directors, five of whom are considered to be independent.”

The appointment of Ron McMillan is subject to FCA approval.

About the Author

Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.