JM Family Enterprises will have a new chief executive officer on July 1.

Replacing Colin Brown, who was appointed CEO in 2003 by company founder Jim Moran, will be Brent Burns, who is JM’s current president and chief operating officer. Brown will remain board chairman and provide guidance to Burns in the new post.

Burns has been COO since 2014 and was named president in 2017. He was chief financial officer for six years before his current role. Burns, who has been with the organization since 2000, also spent seven years as the president of JM subsidiary World Omni Financial Corp.

“Brent has a deep respect and admiration for JM Family,” Brown said in a news release. “He works tirelessly toward the success of our company and advocates for the well-being of our associates.

“We are in the strongest financial position in our 50 years, having just completed our fifth consecutive year of record performance and profitability,” Brown said. “Without a doubt, I am abundantly confident in the direction JM Family is headed.”

Brown has been with the company since 1992, becoming COO in 1997 and president in 2000.

In 2003, Brown became the first non-Moran family member to be named president and CEO.

Brown was named chairman of the board last year.

“It has been my honor to work with Colin for nearly two decades, and I am humbled by the opportunity to lead JM Family and our associates into our next 50 years,” Burns said. “I am completely committed to our culture and I know that our dedicated associates will continue to be the cornerstone of our success.”