Ferry is currently chief financial officer of McLaren Group where she has overseen financial strategy and investor relations and has supported the broader strategic development of the company over the past two years. Prior to McLaren, Ferry was the group chief financial officer of TalkTalk Telecom Group PLC from 2017 to 2021. She is also currently an independent non-executive director of Greggs plc, Burberry said in a press release.
Ferry will succeed Julie Brown, currently Burberry chief operating and financial officer. As announced on September 23, 2022, Brown will leave Burberry on April 1, 2023, after more than six years with the company. Ian Brimicombe, currently SVP, specialist finance and projects at Burberry, has been appointed interim chief financial officer from April 2, 2023, and will join Burberry’s executive committee from that date.
Kate Ferry has been appointed as the CFO and executive director of Burberry, effective by early September 2023 at the latest. She will be responsible for finance and business services functions and will report to CEO Jonathan Akeroyd. Ferry is currently CFO of McLaren Group and an independent non-executive director of Greggs. She will succeed Julie Brown.
“I am very pleased to announce Kate’s appointment as chief financial officer. Kate has extensive experience of public markets, business transformation, and development and an excellent understanding of the luxury industry. She is a strong addition to our leadership team, and I am excited about her joining to support this next phase of Burberry’s development,” said Jonathan Akeroyd, CEO of Burberry.
“I’m delighted that Jonathan has recruited Kate to our top team. I’m very confident that she has the energy and experience to support the delivery of our ambitious plan, announced last November by Jonathan, to realise Burberry’s potential in modern British luxury. I also want to take this opportunity to thank Julie for her professionalism and her enormous contribution to Burberry’s progress over the last six years, and to wish her every success in her new role,” said Gerry Murphy, chair of Burberry.
“I am thrilled to be joining Burberry at such an exciting time in the company’s development. I look forward to working closely with Jonathan and the rest of the Burberry leadership team to help realise the full potential of this iconic British luxury brand,” said Kate Ferry.
Fibre2Fashion News Desk (NB)