LONDON — Gerry Murphy will succeed Sir John Peace as Burberry’s chairman as of July 12. Peace has stepped down from his role and from the board after serving for 16 years.
Currently, the chairman of Tate and Lyle Plc and The Blackstone Group International Partners LLP, Murphy brings a wealth of experience as he has also served as a chair and senior board member for companies including British American Tobacco Plc, Merlin Entertainments Plc and Reckitt Benckiser Plc. He was previously the chief executive officer of Kingfisher Plc, Carlton Communications, Exel Plc and Greencore Group Plc.
Jeremy Darroch, senior independent director, said Murphy’s “substantial U.K. Plc and global business experience will be a great asset to Burberry as we continue to focus on delivering long-term shareholder value.”
Darroch thanked Peace for his work for the brand. “Sir John has presided over a period of extraordinary change, during which Burberry has enjoyed strong growth and evolved into one of the most valuable luxury brands in the world,” said Darroch.