Stacey Cartwright, the CFO of fashion retailer Burberry, was edged out for
the top job yesterday by Liz Clairborne executive Angela Ahrendts, who will take
over from former CEO Rose Marie Bravo.
As reported by Accountancy Age in June, Cartwright was the leading
internal candidate to take over from Bravo, who will now take the position of
Ahrendts, who has had a seven-year stint as president of Donna Karan
International in addition to her time at Liz Clairborne, is on a pay package
valued at about £15.6m over three years.
Cartwright joined Burberry in March 2004 and has been an important member of
the management team that has turned around Burberry’s fortunes.
For the year ended 31 March 2005 Burberry’s turnover has climbed from £675.8m
in 2004 to £715.5m, while pre-tax profit increased from £140.3m to £164.4m.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy Age Jobs is delighted to announce the launch of a brand new look website for finance and accountancy professionals
The UK gender pay gap will not close until 2069 unless action is taken to tackle it now, according to new research by Deloitte