markoMarco, who has led the transformation of Burberry’s brand name and small business, will be stepping down soon after approximately 5 several years with the Business to get up a further option that will permit him to return to Italy and be nearer to his spouse and children.

The Board will now get started the research for a successor. We anticipate Marco will continue being with Burberry right up until the conclusion of the calendar year. In that time, he will function with Chairman Gerry Murphy to present entire help to the government management workforce on an orderly changeover. Even further updates will be delivered in due training course.

Gerry Murphy, Chairman, commented: “I would like to thank Marco for his partnership and the immense contribution he has created to Burberry. He has experienced a transformative impression and established a obviously-defined intent and method, an fantastic staff and potent model momentum. The Board and I are the natural way disappointed by Marco’s determination but we understand and absolutely regard his want to return to Italy right after just about 20 years overseas. With the execution of our approach on observe and our outlook unchanged, we are determined to develop on Burberry’s sturdy foundations to accelerate advancement and provide additional value for our shareholders.”

Marco Gobbetti, CEO, commented: “It has been an unbelievable privilege to serve as Burberry’s CEO and guide these kinds of a vastly gifted group. As a team, we have elevated and strengthened the brand name and the business enterprise, though continuing to be a pressure for good. With Burberry re-energised and firmly established on a path to robust expansion, I sense that now is the proper time for me to stage down. I would like to thank my colleagues as very well as Gerry and the Board for their partnership. I am totally dedicated to supporting them by means of the transition and I have every confidence that the creative imagination and sturdy values that define Burberry will proceed to push the Company’s upcoming good results.”

Remuneration info:

Marco Gobbetti will be addressed in accordance with Burberry’s authorized remuneration policy and his provider contract for the remaining term of his employment. All share awards which are unvested at the place that Marco Gobbetti leaves Burberry will lapse in comprehensive. No more share awards will be granted.

Total details will be disclosed on Burberry’s site in compliance with Area 430(2B) of the Corporations Act 2006 and in the Directors’ Remuneration Report inside of the Company’s Once-a-year Report and Accounts for the calendar year ended 2 April 2022.

This announcement incorporates inside of information and facts and is produced on behalf of the Firm by Gemma Parsons, Company Secretary.