As Chairman Of The Burberry16, John Peace Will Step Down.

Burberry Group PLC (BRBY.L) Bo Bai Li new chief executive officer Marco Gobbetti 7 will take office only in the UK.

In the announcement of the appointment of directors, the group suggested that John Peace Peace, who has served as chairman of the board for 16 years, will step down.

According to the world clothing and shoe net, the 68 year old John Peace has been listed as the chairman of Burberry Group PLC (BRBY.L) since July 2002, but the industry thinks he needs to be responsible for the slow down and recovery of the group in recent years.

The group has appointed Jeremy Darroch as a senior independent director and appointed him to lead the job of finding John Peace successor. It is expected that the next chairman can be announced by the end of 2018.

Jeremy Darroch joined the Burberry Group PLC as a non-executive director in February 2014. He is also the chairman of the board of auditors and is now CEO of Sky PLC (SKY.L) Sky Broadcasting Group.

John Peace, who has senior financial and retail experience, was the CEO of GUS PLC, the former owner of Burberry Group PLC, Bob. (2000-2006 years). GUS PLC distributed the remaining 66% of the group's shareholders to the group in 2005 after the Burberry Group Burberry bolberry was launched into the open market in 2002.

Since 2002, John Peace has also served as the chairman of three FTSE 100 index listed companies. Besides Burberry Group PLC, Bobo Lee, it also includes Experian PLC (EXPN.L) Yi Bo Rui (2006-2014 years) and Standard PLC Standard Chartered Bank (2009-2016 years), which belonged to GUS PLC.

In the 16 years of serving Burberry Group PLC Boboli, John Peace witnessed the two female CEO, the Rose Marie Bravo hand to rejuvenate the group and Angela Ahrendts to lead the group into the technological age. But at the same time, it was the chairman of the nomination committee. Because he entrusted the chief creative officer, Christopher and vice president, this important position was criticized by one side and under great pressure from the shareholders. At that time, the group's explanation was that the company was being dug away by its peers.

In 2016, John Peace finally came under the banner of LVMH SE (LVMH.PA) road.

C e line dug Marco Gobbetti to take over as CEO, while Christopher Bailey continued to be his chief creative officer and got the title of group president.

Last year, the group's chief operating officer, John Smith and chief financial officer Carol Fairweather, have all left, and in January this year, Julie Brown began to take up the two roles.

Burberry Group PLC bobury

Can Marco Gobbetti allow

Boboli, a 100 year old British brand, is completely out of the doldrums, and is catching up with LVMH SE Road, the SA group and Kering SA (KER.PA)'s Open Cloud group Gucci Gucci and Yves Saint Laurent Saint Laurent.

Burberry Group PLC Bob Lee board has laid the foundation for him in advance, so that American retail expert Ron Frasch joined the board of directors in September to help them overcome the most difficult and difficult market in the United States.

In May of this year, the group has taken the lead of another luxury group Barneys New York Inc. and Judy Dior of Christian Dior Inc. as its chief sales officer.

Ron Frasch was CEO in New York's top quality department store Bergdorf Goodman in 2000-2004. In 2004-2013, it was promoted to the parent company Saks Fifth Avenue Inc. in the 2004-2013 year, President and chief sales officer of Sax Fifth Avenue.

With the acquisition of Saks Inc. at the end of 2013 by Hudson's Bay Co. (TSE:HBC) Hudson Bay Group, Ron Frasch moved to the investment sector, joining the private equity fund company Castanea Partners Inc., which focused on consumer products and services, and became a partner in 2015.

In the May annual performance, Burberry Group PLC Bloomberg revealed that although the global consumption of us customers remained stable, the demand for tourists and locals in the US domestic market was waning.

According to the data, the basic income of the Americas after the impact of the exchange rate was reduced by 12% and 10% respectively in the first half and the second half of the fiscal year. The annual income of the Americas was 680 million 900 thousand pounds, which accounted for 2 billion 766 million of the total income of the group 1/4.

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Benefiting from the depreciation of the pound, the annual revenue has achieved a 10% growth, but the basic income after excluding the exchange rate has fallen by 2% annually, and the adjusted pre tax profit has also dropped by 21% after excluding the exchange rate effect.

Christopher Bailey announced last year that it will reform Burberry Group PLC Boboli, improve profitability through reducing product lines and styles and reducing promotional discounts, while promoting sales growth by improving store efficiency and enhancing e-commerce capabilities.

Despite the backsliding of the Burberry Group PLC boboley performance in last fiscal year, the salary of Christopher Bailey has increased by 84% to 3 million 500 thousand pounds, including 1 million 400 thousand of the share award.

When he leaves office next month, Christopher Bailey will also get a 600 thousand group stake worth about 10 million 500 thousand pounds, which is part of his 1 million share award when he was promoted to CEO in 2013.

After his demotion, his annual salary remained at the level of 1 million 100 thousand pounds, consistent with Marco Gobbetti.

Burberry Group PLC (BRBY.L) reported a 1764 pence on Thursday and a maximum of 1.4% to 1740 pence on Friday morning.

Since 2017, the stock has increased by 17%, and the cumulative increase in the past 12 months has reached 58%.

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