More change at the top for Burberry as Gerry Murphy is appointed chairman designate.
Murphy will begin his new role on May 17, and will succeed current chairman Sir John Peace at the company’s annual shareholder meeting on July 12.
“In Gerry Murphy, we have found a superb candidate with extensive experience in the consumer and retail industries,” Peace said.
“I am confident he is the right choice to lead the board as Burberry embarks on a new chapter.”
Murphy has served as non-executive director of British American Tobacco, Merlin Entertainments and Reckitt Benckiser, and is the current chairman of Tate and Lyle and of the Blackstone Group International Partners.
Jeremy Darroch, Burberry’s senior independent director said, “We are delighted to welcome Gerry to the board. His substantial UK plc and global business experience will be a great asset to Burberry as we continue to focus on delivering long-term shareholder value.”
“On behalf of the board, I would like to thank Sir John for his immense contribution to Burberry over the past 16 years. Sir John has presided over a period of extraordinary change, during which Burberry has enjoyed strong growth and evolved into one of the most valuable luxury brands in the world.”
The appointment comes just six weeks after the British fashion house appointed Marco Gobbetti as its new chief executive, alongside Riccado Tisci as chief creative officer.