Burberry chief executive to step down
Burberry has confirmed that its chief executive Marco Gobbetti is to step down at the end of 2021 after nearly five years in the role.
In a statement, the luxury brand said he will be taking up another opportunity that will enable him to return to Italy and be closer to his family.
Gerry Murphy, Burberry chairman, said: “I would like to thank Marco for his partnership and the immense contribution he has made to Burberry. He has had a transformative impact and established a clearly-defined purpose and strategy, an outstanding team and strong brand momentum. The board and I are naturally disappointed by Marco’s decision but we understand and fully respect his desire to return to Italy after nearly 20 years abroad.”
Burberry’s board has now begun a search for his successor.
Gobbetti said: “With Burberry re-energised and firmly set on a path to strong growth, I feel that now is the right time for me to step down. I would like to thank my colleagues as well as Gerry and the Board for their partnership. I am fully committed to supporting them through the transition and I have every confidence that the creativity and strong values that define Burberry will continue to drive the company’s future success.”
