Joules names former Compare the Market exec as CEO

Joules has announced Jonathon Brown as its new Chief Executive Officer, effective from 30 September 2022.

Brown will join Joules from Compare the Market, where he most recently served as CEO. Prior to this, he has held various senior positions including Omnichannel Director at John Lewis, CEO of MandM Direct and COO of Photobox Group.

Current CEO Nick Jones announced in May that he will be stepping down from the role during 2022.

Jonathon Brown, newly appointed CEO of Joules, said: "I am delighted to have been selected to lead Joules at such an important time in its development. Joules is a very strong brand, with a highly relevant purpose and product proposition. The group's digitalisation in recent years as well as its increased customer base mean it has very solid foundations for the future.

"Whilst there have been some headwinds in the past year, I am very excited by the business' future opportunities. The group is making strong progress against its clear plans to improve profitability by simplifying the business and optimising the cost base. I look forward to working closely with the Joules team to return the business to sustainable, profitable growth and optimise the significant future opportunities available to us."

Ian Filby, Non-Executive Chairman of Joules, added: "The board was in unanimous agreement that, amongst some very high calibre candidates, Jonathan was the standout choice to be our new CEO. He has significant experience across the retail and digital industries, a proven track-record of delivering business transformation, and the vision and ambition to lead Joules through the next stages of its development. The Board has every confidence in him, and we look forward to working closely together over the coming years.