Burberry COO steps down
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Burberry COO John Smith has announced his resignation from the luxury retailer.
The UK company said in a statement that Smith will leave the business next year after seven years to “pursue new interests”.
“With the company’s future strategies now in place, I am ready to embark on a new challenge,” Smith said.
“Having been the CEO of a fast growing international business in the past, I am exploring a number of exciting new leadership opportunities in that arena.”
Burberry chairman Sir John Peace said Smith, who was first a non-executive director and later COO, would be particularly remembered for his success driving digital growth and optimising the potential of Burberry’s beauty and travel businesses.
“John has been an important contributor to the company’s success and we wish him well in the future.”
Questions & Answers
Q.When will John Smith officially leave Burberry?
When will John Smith officially leave Burberry?
John Smith will leave the luxury retailer next year. He has announced his resignation after seven years with the company, stating he wishes to pursue new interests and leadership opportunities.
Q.What contributions did John Smith make to Burberry, according to the chairman?
What contributions did John Smith make to Burberry, according to the chairman?
Burberry chairman Sir John Peace stated Smith would be remembered for successfully driving digital growth. He also optimised the potential of Burberry's beauty and travel businesses, significantly contributing to the company's success.
Q.What kind of new opportunities is John Smith seeking?
What kind of new opportunities is John Smith seeking?
John Smith is exploring new leadership opportunities, specifically in the arena of fast-growing international businesses. He has previous experience as CEO in such a field.
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