Higginson stepping down at N Brown

Andrew Higginson

Manchester-based home shopping group N Brown has announced that Andrew Higginson is to step down as chairman after five years in the post.

Higginson is intending to pursue opportunities in the private equity sector, he has told the board.

Senior independent director Ron McMillan is leading the process to identify and appoint a new chairman.

Higginson will remain in his position as chairman during the search for his replacement, and through an orderly handover period.

Chief executive Angela Spindler said: “I would like to thank Andy for his support and advice since my appointment as CEO almost four years ago. Andy has led the group during a period of significant transformation and his dedication and insight have made a significant contribution to this process.”

Higginson said: “I have thoroughly enjoyed my time at N Brown. It has been a privilege to chair the company through a period of transformation to a digital business.  Angela has established a strong and capable team, the benefits of which are now visible.  I am stepping down in order to free up capacity to pursue opportunities within private equity.”