LONDON - Burberry Group (OTC:BURBY) PLC (LSE:BRBY) has announced upcoming changes to its board structure, including the appointment of a new independent Non-Executive Director and the retirement of two current Non-Executive Directors.
Stella King will join the Burberry (LON:BRBY) Board as an independent Non-Executive Director and a member of the Nomination Committee, effective from April 1, 2025. King brings extensive experience in the luxury retail market, particularly in the Asia Pacific region. She will be stepping down from her current role as Chief Chinese Business Officer at Moncler at the end of this year. Her previous roles include President, Asia Pacific at Moncler and Sergio Rossi, and various managerial positions at Lane Crawford in Mainland China.
In addition, Burberry has announced that Fabiola Arredondo and Antoine de Saint-Affrique will retire from the Board following the Annual General Meeting (AGM) in July 2025. Arredondo has been a member of the Remuneration and Nomination Committees since March 2015 and has also served on the Audit Committee. Saint-Affrique joined the Board on January 1, 2021, and has been involved with the Audit and Nomination Committees.
Gerry Murphy, the Chair of Burberry, expressed confidence in King's expertise, stating that her "impressive and deep understanding of the luxury market and consumers in the Asia Pacific region" will greatly benefit Burberry. He also extended gratitude to Arredondo and Saint-Affrique for their contributions to the company, acknowledging the extensive knowledge and experience they brought to the Board during their tenure.
The company has confirmed that there is no additional information that needs to be disclosed under the Financial Conduct Authority's Listing Rule 6.4.8 regarding King's appointment.
The changes come at a time when Burberry continues to focus on strategic growth and market expansion. The company is listed on the London Stock Exchange (LON:LSEG) and is a constituent of the FTSE 250 index.
This article is based on a press release statement from Burberry Group PLC.
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