Chair of online retail group to depart at end of March

Matt Davies

Manchester online retailer N Brown Group has announced a series of boardroom changes.

It said today (February 25) that chairman Matt Davies will step down with effect from March 31, 2021 to spend more time on his other business activities.

The board said it would like to thank him 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 Liverpool-based retailer B&M European Value Retail SA and SCS group, 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 under way 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.

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