Beaverbrooks has announced the departure of its chief executive Daniel Brown, who has stepped down from his role with immediate effect.
The multiple jewellery and watch retailer says goodbye to Brown after more than 18 years working for the family-run company, of which he is a fourth-generation member. He previously worked as operations director at the 64-store chain before becoming chief executive in March 2012.
Beaverbrooks chairman Mark Adlestone said: “Following much consideration, we have agreed with Daniel Brown that he will move on from his role as chief executive of Beaverbrooks, to pursue new ventures. We wish Daniel all the very best for the future, and thank him for the significant contribution he has made during his time at Beaverbrooks."
While Brown’s successor is yet to be named, Adlestone stated that comment will be made on the company’s new chief executive in due course.
“I remain personally committed to the business in the long term, and will work to continue the 94-year heritage of our family business, providing great customer service, building a fantastic workplace, and supporting our wider community," Adlestone added.
Daniel Brown has been part of the business since 1995. He said: "Beaverbrooks is a wonderful business filled with fantastic people, and I owe so much of what I’ve learnt to them. I send heartfelt thanks to every person who has supported me over the past 18 years, culminating in my role as CEO, and I hope for continued success for everyone involved with the company. With many exciting opportunities ahead, I now look forward to my next chapter, and to sharing more about this over the coming months."