REG - Burberry Group PLC - Board Change

BurberryAnnouncement

23/09/2022 09:45

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RNS Number : 4520A  Burberry Group PLC  23 September 2022

Burberry Group plc

("Burberry" or the "Company")

Board Change

 

Burberry today announces that Julie Brown has notified the Board of her
intention to step down as Chief Operating and Financial Officer at the close
of the Company's current financial year on 1 April 2023.

 

Julie will be leaving Burberry after six years to take up an opportunity
outside of the luxury industry. The process to identify Julie's successor is
underway and further updates will be announced in due course.

 

Gerry Murphy, Chair, commented: "On behalf of the Board, I would like to
thank Julie for her very significant contribution to Burberry's
transformation, including her central role in delivering our sustainability
ambitions. Julie has built a strong financial base for the next chapter of
Burberry's growth under Jonathan's leadership."

 

Jonathan Akeroyd, CEO, commented: "Julie has played a key role in positioning
Burberry for growth, supported by a high-quality team. I would like to
personally thank her for the support she has provided me since I joined six
months ago. I look forward to building on the strong foundations we have in
place to realise Burberry's full potential."

 

Julie Brown, CO&FO, commented: "It has been a privilege to serve as
Burberry's CO&FO. As a group, we have strengthened our brand and business
and taken an industry-leading position in sustainability. I am particularly
proud of our work to navigate Burberry through the pandemic, remaining true to
our values and delivering transformational change across Finance, IT, Burberry
Business Services and Responsibility. I would like to thank Gerry, Jonathan,
the Board, my colleagues and above all my team for their partnership. I am
fully committed to continuing to support them until the close of our financial
year."

 

Remuneration information:

 

Julie will be treated in accordance with Burberry's shareholder-approved
remuneration policy and her service contract for the remaining term of her
employment. All share awards which are unvested at the point that Julie leaves
Burberry will lapse in full. No further share awards will be granted.

 

Full details will be disclosed on Burberry's website in compliance with
Section 430(2B) of the Companies Act 2006 and in the Directors' Remuneration
Report within the Company's Annual Report and Accounts for FY2022/23.

 

This announcement contains inside information and is made on behalf of the
Company by Gemma Parsons, Company Secretary.

 

 

23 September 2022

 

 

Enquiries

 

 Investors and analysts
 Julian Easthope  VP, Investor Relations  020 3367 4458

                                          julian.easthope@burberry.com (mailto:julian.easthope@burberry.com)

 

 Media
 Andrew Roberts  SVP, Corporate Relations and Engagement  020 3367 3764

                                                          andrew.roberts@burberry.com (mailto:andrew.roberts@burberry.com)

 

About Burberry

·    Founded in 1856, Burberry is a British luxury brand, headquartered in
London

·    Burberry is listed on the London Stock Exchange (BRBY.L) and is a
constituent of the FTSE 100 index. Its ADR symbol is OTC:BURBY.

·    BURBERRY, the Equestrian Knight Device, the Burberry Check and the
Thomas Burberry Monogram and Print are trademarks belonging to Burberry.

 

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