Burberry COO steps down

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.”