Fairweather named as Burberry CFO successor

Carol Fairweather has been appointed Chief Financial Officer at upmarket clothing retailer Burberry, an update issued by the company on Thursday has disclosed.

Carol Fairweather has been appointed Chief Financial Officer at upmarket clothing retailer Burberry, an update issued by the company on Thursday has disclosed.

Fairweather, who has been with Burberry for six years - most recently as Senior Vice President of Group Finance, will take up the position ahead of the group's annual general meeting in July 2013.

Prior to joining Burberry, Fairweather held senior finance positions at News Interntional and Shandwick.

She succeeds Stacey Cartwright, incumbent Burberry Chief Financial Officer, who is stepping down to to pursue other interests before the end of July.

Meanwhile, also on Thursday, the group reported that John Smith had been appointed as Chief Operating Officer. The group stated that the position - which was newly created - reflected the "evolution of the executive team to support the next phase of growth".

Prior to his appointment at Burberry, Smith was Chief Executive of BBC Worldwide.

Angela Ahrendts, Chief Executive Officer of Burberry, said: "We thank Stacey for her dedication, commitment and partnership as we have worked to transform Burberry in recent years and for her outstanding personal contribution to improving the operational and financial infrastructure of the company. We wish her well in the future.

She added: "We are delighted that one of her key partners, Carol Fairweather, will succeed her in the role of Chief Financial Officer. Carol's deep understanding of the Burberry business and brand, coupled with her strong leadership and financial skills, position her uniquely to drive continued success in this role, while ensuring a seamless transition."

She added: "We are thrilled to announce John's appointment to the new position of Chief Operating Officer, which is an important step in the next phase of Burberry's development."

MF

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

Oil producers are back at their Covid-19 lows – is it time to buy?
Oil

Oil producers are back at their Covid-19 lows – is it time to buy?

With demand for oil hammered by Covid-19 and talk of “peak oil demand”, there are lots of good reasons to be bearish on oil producers. So, asks John S…
22 Sep 2020
IAG's share price is ready for take-off - here's how to play it
Trading

IAG's share price is ready for take-off - here's how to play it

The owner of British Airways has had a turbulent year, but is now worth a punt. Matthew Partridge explains the best way to play it.
8 Sep 2020
Will a second wave of Covid lead to another stockmarket crash?
Stockmarkets

Will a second wave of Covid lead to another stockmarket crash?

Can we expect to see another lockdown like in March, and what will that mean for your money? John Stepek explains.
18 Sep 2020