N Brown chairman Andy Higginson steps down

283
N Brown chairman

N Brown chairman Andy Higginson has announced his imminent departure from the company, as he opts to pursue opportunities in private equity.

Following a five-year stint at the retail group, which owns JD Williams, Jacamo and Simply Be, Higginson will remain at N Brown until a replacement is found. The search is reportedly already underway.

Prior to his appointment at N Brown, he enjoyed a successful career acting as finance director for Laura Ashley Holdings and the Burton Group. He then went to join Tesco as finance and strategy director before joining Poundland as non-executive chairman.

READ MORE:  N Brown CEO warns Brexit may affect gender diversity in retail boardrooms

According to Higginson, who also acts as chairman to grocery giant Morrisons, he wishes to secure more time for private equity endeavours.

“Andy has led the group during a period of significant transformation and his dedication and insight have made a significant contribution to this process,” N Brown chief executive Angela Spindler stated.

Higginson added: “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.”

Click here to sign up to Retail Gazette‘s free daily email newsletter