N Brown Group CFO announces departure
N Brown Group, the owner of JD Williams and Simply Be, has announced that Rachel Izzard will step down as its Chief Financial Officer.
Izzard will be leaving the group to pursue a career outside of the online fashion and consumer credit industry. The process to find a successor is now underway. Izzard will work her 12 month notice period whilst a successor is identified.
Izzard has served as the group's Chief Financial Officer since April 2020. Prior to this, she was CFO of Aer Lingus and International Airlines Group.
The announcement comes after N Brown Group reported a 4.6% drop in revenue to £331.5 million for the first half ending 27 August 2022, largely due to ongoing macroeconomic challenges.
Adjusted profit before tax was down 82.4% to £4.3 million and adjusted net debt totalled £243.5 million, compared to £268.3 million in 2021.
Earlier this month, N Brown Group appointed Helen Low as the group’s new Director of Design. Low joined the group from Joules, where she served as Head of Design.