LONDON — Rose Marie Bravo will bid a final farewell to Burberry Group plc on July 1, when she steps down from the board and resigns her role as vice chairman.
Bravo became vice chairman last July, after retiring as chief executive. She remained with the company as vice chairman to help ensure the smooth transition of her successor, Angela Ahrendts.
"I have thoroughly enjoyed being part of Burberry over the past 10 years, and I am confident that Angela and her team will continue to lead Burberry to even greater success," said Bravo in a statement Wednesday.
A company spokeswoman said Bravo will not be replaced on the board or as vice chairman.
Bravo served as chief executive at Burberry from 1997 until 2006, transforming the brand from a wholesale raincoat business into a world-class luxury player. She revamped the merchandising and design staff, first hiring Roberto Menichetti as creative director to create the Prorsum label and then tapping his replacement, Christopher Bailey, after Menichetti's contract expired; pushed Burberry's sales through the $1 billion barrier; opened major flagships worldwide, and even forged a relationship with Prince Charles — and his Highgrove polo team — as part of her marketing strategies.
Last summer, Bravo received a CBE, or Commander of the Most Excellent Order of the British Empire, an honor from Queen Elizabeth II in recognition for her services to British fashion and retailing.
On Wednesday, Burberry chairman John Peace called Bravo's contribution to Burberry "tremendous."
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