Burberry appoints new chief financial officer
Luxury fashion brand Burberry has appointed Kate Ferry as its new chief financial officer.
Currently holding the same role at McLaren Group, Ferry has is a former group chief financial officer of Talk Talk where she worked from 2017 to 2021. She is also an independent non-executive director of the Greggs food-to-go business.
In her new position, Ferry will succeed Julie Brown who is working in the dual role of chief operating and financial officer and will leave Burberry on 1 April. Due to join Burberry by early September at the latest, Ferry will be responsible for finance and business services functions and will become a member of Burberry’s board and executive committee. She will report directly to Burberry chief executive Jonathan Akeroyd.
Commenting on the appointment, Akeroyd said: “I am very pleased to announce Kate’s appointment as Chief Financial Officer. Kate has extensive experience of public markets, business transformation and development and an excellent understanding of the luxury industry. She is a strong addition to our leadership team and I am excited about her joining to support this next phase of Burberry’s development.”
Following Brown’s departure, Ian Brimicombe, currently SVP for specialist finance and projects at Burberry, will work as interim chief financial officer until Ferry takes up her role.
Gerry Murphy, chair of Burberry, said: “I’m delighted that Jonathan has recruited Kate to our top team. I’m very confident that she has the energy and experience to support the delivery of our ambitious plan, announced last November by Jonathan, to realise Burberry’s potential in Modern British Luxury.
“I also want to take this opportunity to thank Julie for her professionalism and her enormous contribution to Burberry’s progress over the last six years, and to wish her every success in her new role.”
