After a five-year tenure as N Brown chairman, Andy Higginson intends to step down from his role at the fashion group.
Higginson, who is also chairman at Morrisons, said he wishes to free up time to pursue opportunities in private equity.
N Brown – owner of the JD Williams and Simply Be brands – has commenced the process to appoint a replacement. Higginson will remain in his position as chairman during the search and through a handover period.
In a statement, N Brown chief executive Angela Spindler said: “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 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.”
Earlier this year, N Brown suffered a fall in full-year profits amid increased investment in its infrastructure and one-off charges.
The group’s statutory pre-tax profit tumbled 20.2% to £57.6m in the 53 weeks to March 4.