Burberry CFO Takes Leave After Surgery
Burberry Group Plc announced that Chief Financial Officer Kate Ferry will be taking a short leave of absence due to unscheduled surgery. Ferry, who joined the company last year, is expected to return to her normal duties in June, according to a statement released by Burberry on Wednesday. No further details about her condition were provided.
Prior to her role at Burberry, Ferry served as the CFO of McLaren Group where she played a key role in financial strategy, investor relations, and overall strategic development of the company. She also held the position of CFO at TalkTalk Telecom Group Plc and currently serves as an independent non-executive director at Greggs Plc.
Ferry succeeded Julie Brown as CFO of Burberry, who left to join GSK Plc, a UK drugmaker. The fashion house has been undergoing a turnaround under the leadership of CEO Jonathan Akeroyd. However, in January, Burberry faced challenges after cutting its profit forecast due to weakened demand for luxury goods, especially in the US. As a result, the company’s shares have fallen by nearly 55% in the past year.