(Sharecast News) - 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.
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.
Brown Group (BWNG)