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.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars