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Tesco UK boss Davies to become N Brown chairman

Tesco’s UK chief executive Matt Davies has been named as the new chairman of online clothing retailer N Brown Group.

N Brown, which owns JD Williams, Simply Be and Jacamo, had been seeking a replacement for its current chairman Andrew Higginson for several months.

Davies has joined N Brown as non-executive director and chairman-elect with immediate effect. He will take up the chairman role on 1 May, when Higginson retires from the board.

Before taking the top job at Tesco, Davies was CEO of Halfords from 2012 to 2015, and CEO of Pets at Home from 2004 to 2012 after joining as finance director in 2001.

It emerged in June that Higginson planned to step down after nearly five years at N Brown, to pursue opportunities in private equity.

Senior independent director Ron McMillan, who led the selection process, said: “Having conducted a thorough process it was clear that Matt was the best fit to be our next chair.

”He has huge experience of retail and online businesses and will be a strong addition to the N Brown board, bringing knowledge, leadership and customer focus.”

Davies will take the reins from Higginson after Tesco’s £3.7bn takeover of wholesale food seller Booker Group, which was approved by the Competition and Markets Authority in December, completes.

Tesco announced Davies’ departure earlier this month. He will be replaced by Booker Group chief executive Charles Wilson, who will head up its UK and Ireland retail and wholesale operations.

 

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