N Brown chairman Ron McMillan to retire
Brown (N.) Group
14.80p
12:45 15/05/24
N Brown said on Monday that chairman Ron McMillan will be retiring and stepping down from the board with effect from 30 April for personal reasons.
FTSE AIM All-Share
790.36
12:55 15/05/24
General Retailers
3,933.06
12:54 15/05/24
McMillan has been on the board for 11 years. Following his departure, the company will appoint Steve Johnson as interim executive chair and chief executive officer until a new permanent chair is appointed.
The online clothing retailer said the search for a permanent chair has begun and a further announcement will be made in due course.
Steve Johnson said: "Ron has made a significant contribution as chair and has played a critical role in the transformation of this company. On behalf of the board, I would like to thank Ron for his dedication to N Brown."
N Brown also announced that independent non-executive director Meg Lustman will assume the role of interim chair of the Nominations and Governance Committee until a permanent successor is appointed.