Burberry today announces that Marco Gobbetti has notified the Board of his intention to step down as Chief Executive Officer and leave the Company at the end of 2021.
Marco, who has led the transformation of Burberry's brand and business, will be stepping down after nearly five years with the Company to take up another opportunity that will enable him to return to Italy and be closer to his family.
The Board will now begin the search for a successor. We anticipate Marco will remain with Burberry until the end of the calendar year. In that time, he will work with Chairman Gerry Murphy to provide full support to the executive leadership team on an orderly transition. Further updates will be provided in due course.