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

The MoneyWeek Podcast: picking stocks is fun, but you need to do your homework
Investment strategy

The MoneyWeek Podcast: picking stocks is fun, but you need to do your homework

John Stepek talks to Steve Clapham, investor, analyst and author of The Smart Money Method, about the dangers in picking individual stocks and why you…
8 Apr 2021
BP looks set to return more money to shareholders as it beats expectations
Energy stocks

BP looks set to return more money to shareholders as it beats expectations

Oil major BP is to embark on a share buyback programme after significantly reducing its debts. Saloni Sardana looks at what it means for your portfoli…
6 Apr 2021
Deliveroo has hit the market – but it’s not getting the warmest welcome
UK stockmarkets

Deliveroo has hit the market – but it’s not getting the warmest welcome

Food delivery company Deliveroo made its debut on the stockmarket this morning. But with the share price sliding by 30% straight away, it’s not made t…
31 Mar 2021
Three stocks to buy now that will come back stronger after Covid-19
Share tips

Three stocks to buy now that will come back stronger after Covid-19

Professional investor Ed Wielechowski of Odyssean Capital, chooses three compelling stocks that should thrive in a post-pandemic world.
29 Mar 2021

Most Popular

“Joke” cryptocurrency dogecoin goes to the moon. What’s going on?
Bitcoin

“Joke” cryptocurrency dogecoin goes to the moon. What’s going on?

Dogecoin – a cryptocurrency created as a joke – has risen by more than 9,000% this year alone. Saloni Sardana looks at how something that began as an …
19 Apr 2021
Lab-grown meat: how “moo’s law” will drive innovation
Soft commodities

Lab-grown meat: how “moo’s law” will drive innovation

Jim Mellon and Anthony Chow, co-founders of Aim-listed Agronomics, explain why they believe that “cellular agriculture” will benefit from massive long…
16 Apr 2021
The bitcoin bubble will burst: here’s how to play it
Bitcoin

The bitcoin bubble will burst: here’s how to play it

The cryptocurrency’s price has soared far beyond its fundamentals, says Matthew Partridge. Here, he looks at how to short bitcoin.
12 Apr 2021