Blackstone Europe Chief Appointed as Burberry Chairman

Burberry

Burberry

His substantial United Kingdom plc and global business experience will be a great asset to Burberry as we continue to focus on delivering long-term shareholder value.

Murphy will replace Sir John Peace, who took Burberry onto the stock market as chairman in 2002. "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". He will step down from the role and from the board on the same date after 16 years.

Murphy will take up the role after Burberry's annual shareholder meeting on July 12.

Murphy has also served as CEO of Kingfisher and Greencore Group, as well as a non-executive director at companies including British American Tobacco, Merlin Entertainments and Reckitt Benckiser. He is now Chairman of Tate and Lyle plc and of The Blackstone Group International Partners LLP, Blackstone's principal European entity. In Gerry Murphy, we have found a superb candidate with extensive experience in the consumer and retail industries.

Murphy has been chairman at FTSE 250-listed ingredients maker Tate & Lyle PLC for a year, as well as at The Blackstone Group International Partners LLP, Blackstone's European entity, for nine years since 2009.

His replacement will be the latest change in a massive shakeup at the top of Burberry after new chief executive Marco Gobbetti joined previous year, and later appointed designer Riccardo Tisci to lead the creative side.

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