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Burberry CFO to step down in second major shakeup in a year

Burberry has announced that Julie Brown will step down as Chief Operating and Financial Officer at the close of the company’s financial year on 1 April… View Article

FASHION

Burberry CFO to step down in second major shakeup in a year

Burberry has announced that Julie Brown will step down as Chief Operating and Financial Officer at the close of the company’s financial year on 1 April 2023.

Brown, who joined the company in 2017 from medical products maker Smith & Nephew will also leave her role as chief operating officer and will take up an opportunity in a different industry, Burberry said on Friday.

Brown’s departure comes after former CEO Marco Gobbetti, the mastermind of a multi-year plan to reposition Burberry, jumped ship earlier this year after around five years in the role, and new CEO Jonathan Akeroyd jooned.

Akeroyd 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.”

Brown 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.”

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