Brown (N.) Group PLC Change of Chairman and Board Changes (2590Q)
25 February 2021 - 6:00PM
UK Regulatory
TIDMBWNG
RNS Number : 2590Q
Brown (N.) Group PLC
25 February 2021
25(th) February 2021
Change of Chairman and Board Changes
N Brown Group Plc ("N Brown") announces today that Matt Davies
will step down as Chairman with effect from 31 March 2021 to spend
more time on his other business activities. 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.
Ron McMillan will relinquish his roles as Senior Independent
Director and Audit Committee Chair of N Brown and will succeed Matt
as Chairman. Ron 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 Ron as the 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. 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.
N Brown Group
Will MacLaren, Director of Investor
Relations and Corporate Communications 07557 014 657
MHP Communications
Andrew Jaques / Simon Hockridge 0203 128 8789
/ James Midmer NBrown@mhpc.com
Shore Capital - Nomad and Joint Broker
Dru Danford / Stephane Auton / Daniel
Bush / John More +44 (0) 20 7408 4090
Jefferies - Joint Broker
Max Jones / Harry Le May +44 (0) 20 7029 8000
About N Brown Group:
N Brown is a top 10 UK clothing & footwear digital retailer.
We are size inclusive, focusing on the needs of underserved
customer groups - size 20+ and age 50+. We offer an extensive range
of products, predominantly clothing, footwear and homewares, and
our financial services proposition allows customers to spread the
cost of shopping with us. We have five distinct brands: Simply Be,
JD Williams, Ambrose Wilson, Jacamo and Home Essentials. We are
headquartered in Manchester where we design, source and create our
product offer and we employ c.2,000 people across the UK.
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END
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