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Burberry reveals management shake-up

The executive vice president of Burberry is stepping down as the former chief executive of BBC Worldwide joins as chief operating officer.

Stacey Cartwright, who is chief financial officer as well as executive vice president, is leaving the luxury British brand after nine years. She steps down in July to pursue other interests.

Carol Fairweather, currently senior vice president of group finance will become chief financial officer on Cartwright’s departure.

Meanwhile Burberry has revealed that John Smith is to take on the newly created role of chief operating officer.

Smith was chief executive of BBC Worldwide from 2005 to 2012, and prior to this he was chief operating officer of the BBC.

He has also served as a non-executive director on the Burberry board since December 2009 and will continue to until he takes up his new role as an executive director on March 4.

Chief executive Angela Ahrendts thanked Carwright for her “dedication, commitment and partnership” adding that she was “delighted” Fairweather was succeeding her.

“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 said.

Ahrendts added: “John’s appointment positions us strongly to optimise the significant opportunities available to the brand by channel, region and product division, and to unlock the potential of unprecedented changes in consumer behaviour. 

“He will be a tremendous addition to our closely connected global team.”

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