Burberry Regulatory News (BRBY)

Burberry Group plc

("Burberry" or the "Company")

Board Change

Burberry today announces that Julie Brown has notified the Board of her intention to step down as Chief Operating and Financial Officer at the close of the Company's current financial year on 1 April 2023.

Julie will be leaving Burberry after six years to take up an opportunity outside of the luxury industry. The process to identify Julie's successor is underway and further updates will be announced in due course.

Gerry Murphy, Chair, commented: "On behalf of the Board, I would like to thank Julie for her very significant contribution to Burberry's transformation, including her central role in delivering our sustainability ambitions. Julie has built a strong financial base for the next chapter of Burberry's growth under Jonathan's leadership."

Jonathan Akeroyd, CEO, 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."

Julie Brown, CO&FO, 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."

Remuneration information:

Julie will be treated in accordance with Burberry's shareholder-approved remuneration policy and her service contract for the remaining term of her employment. All share awards which are unvested at the point that Julie leaves Burberry will lapse in full. No further share awards will be granted.

Full details will be disclosed on Burberry's website in compliance with Section 430(2B) of the Companies Act 2006 and in the Directors' Remuneration Report within the Company's Annual Report and Accounts for FY2022/23.

This announcement contains inside information and is made on behalf of the Company by Gemma Parsons, Company Secretary. 

23 September 2022

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About Burberry

· Founded in 1856, Burberry is a British luxury brand, headquartered in London

· Burberry is listed on the London Stock Exchange (BRBY.L) and is a constituent of the FTSE 100 index. Its ADR symbol is OTC:BURBY.

· BURBERRY, the Equestrian Knight Device, the Burberry Check and the Thomas Burberry Monogram and Print are trademarks belonging to Burberry.