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N Brown names Tesco's Matt Davies as chairman​

Reuters - UK Focus

LONDON, Feb 19 (Reuters) - British fashion retailer N Brown (LSE: BWNG.L - news) said on Monday it had appointed Matt Davies, the current CEO of Tesco UK and Ireland (Other OTC: IRLD - news) , to be its new chairman.

N Brown said Davies will assume the role of chairman from May 1, succeeding Andrew Higginson, who is retiring from the board after five years in the job.

Davies has been appointed non-executive director and chairman elect with immediate effect.

Earlier this month Tesco (Frankfurt: 852647 - news) said Davies would leave the retailer at the end of April.​ (Reporting by James Davey, editing by Sarah Young)