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Burberry appoints former Kingfisher boss as chairman

Fashion house Burberry has appointed the former boss of Kingfisher as its chairman, in the latest shuffle of leadership at the firm.
Gerry Murphy has been chosen to replace Sir John Peace, who will step down after 16 years with at the FTSE 100 company on July 12, after Burberry’s annual shareholder meeting. Mr Murphy will join the fashion house on May 17.
Mr Murphy, who was the boss of Kingfisher between 2003 and 2008, is currently chairman of Tate and Lyle and of private equity firm Blackstone Group’s European entity. He has also served as chief executive of Carlton Communications, Exel and Greencore Group.
Burberry appoints former Kingfisher boss as chairman

Gerry Murphy will take over as chairman of Burberry in July
The appointment follows revolving boardroom doors at Burberry and comes six months after the fashion house, known for its trench coats and distinctive check pattern, announced that long-serving creative designer, Christopher Bailey, would be leaving after 17 years with the luxury brand after changing his role.
In 2016 Burberry said that Mr Bailey would relinquish his joint chief executive and chief creative role, handing over half of his duties to Marco Gobetti, who joined the fashion company from Celine. Instead, Mr Bailey added a new title of "president" to his creative role for the same pay and perks.
Other changes include the appointment of finance chief Julie Brown last year, while former finance boss Carol Fairweather, chief operating officer John Smith and merchandising officer Paul Price all also left the business in recent years.
Sir John took Burberry onto the stock market as chairman in 2002 and announced that he would be stepping down last year.
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