These changes follow the departure of Steve Johnson after a decade at the company, which the board confirmed was by mutual agreement.
Joy takes on the CEO role after six years as executive director of financial services at N Brown. Prior to joining the company, he spent 11 years at Ikano Bank holding various senior positions, including group commercial director.
Joy said: “I am very excited about the opportunity to lead N Brown through its next stage of transformative growth. Our heritage and evolution from a catalog business to a leading online retail platform and credit provider has enabled us to build lasting relationships with our loyal customers, ensuring we can continue to refine our retail and financial services offerings to meet their evolving needs.”
Le May brings more than four decades of experience in consumer finance and banking to his role as Chairman.
Previously, he held leadership positions at Provident and Vanquis, and served on various public and private boards.
In a statement, Le May commented: “The management changes announced today facilitate the continued evolution of the strategic logic established when the company delisted last year, with the support of the Alliance family.
“Together, we will continue to evolve our offering by championing our retail businesses and strengthening our capabilities in financial services, to ensure all parts of the business move forward with clarity, confidence and a sense of shared purpose.”
N Brown operates two major online retail platforms, JD Williams and Jacamo, along with the Simply Be brand. The group’s financial services segment works alongside its retail operations, with the aim of further expanding its customer base.
The company indicated that its new leadership team will continue to invest in modernizing and expanding its financial services and retail offerings to address changing customer requirements.
Majority shareholder Joshua Alliance said: “Both bring the knowledge and experience to lead the business into its next phase of growth, focused on expanding our financial services offering to meet changing customer needs and capture the significant market opportunity this presents.”
In October last year, N Brown Group confirmed to Just Style that hundreds of jobs are currently at risk of redundancies as part of its wider plans to transform the business as it navigates a challenging retail environment.
Headquartered in Manchester, UK, N Brown employs over 1,200 people nationwide.
“N Brown Group Appoints New CEO and President” was created and originally published by Just Style, a brand owned by GlobalData.