Burberry Group appoints Board member Jeremy Darroch as new Senior Independent Director

– UK, London – Burberry Group PLC (LON:BRBY), is pleased to announce that Jeremy Darroch has been appointed as Senior Independent Director with effect from 1 July 2017 replacing Philip Bowman who has held this role for a number of years. Jeremy has been a Non-Executive Director since February 2014 and is Chair of the Audit Committee. Philip, who has remained a Director at the request of the Board to provide continuity during a period of significant change, will step down from the Board on 31 October 2017.

It will be the responsibility of Jeremy Darroch as the newly appointed SID to lead the process of appointing a successor to Sir John Peace. It is anticipated that a successor will be announced by the end of 2018.

Luxury retail expert Ron Frasch has been appointed to the Board as a Non-Executive Director and member of the Remuneration and Nomination Committees, with effect from 1 September 2017. Ron previously held the positions of President and Chief Merchandising Officer, and Vice Chairman of Saks Fifth Avenue Inc. between 2004 and 2013, and was Chief Executive Officer of Bergdorf Goodman Inc. between 2000 and 2004, as well as holding senior positions with other luxury brands. Ron is currently an operating partner of Castanea Partners Inc. a private equity company which is principally focused on investing in branded consumer products and services. He is also a Non-Executive director of Crocs Inc. a NASDAQ company which manufactures innovative casual footwear.

Sir John Peace, Chairman, said: “On behalf of the Board I would like to welcome Jeremy to his new role and to thank Philip for his immense contribution to Burberry since the IPO in 2002. The Board and I have greatly appreciated Philip’s wise counsel and he will be missed by us all.

We are delighted to welcome Ron to the Board. His great understanding of product and broad experience of working with a wide range of luxury brands will be a great asset to Burberry as we continue to focus on delivering long term shareholder value.”

For more information : http://www.burberrycareers.com

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