LONDON Feb 7 British luxury clothing company
Burberry Group announced changes to senior management
on Thursday, replacing its chief financial officer and creating
a new chief operating officer position.
Stacey Cartwright, CFO since 2004, is to step down to pursue
other interests and will be replaced by Burberry insider Carol
Fairweather, the company said.
Fairweather, who will take over from July, has been with the
fashion group for six years. She previously worked at News
Corp's British newspaper arm, News International.
At the same time, Burberry said it was creating a new COO
role "to support the next phase of growth".
That job will be filled by John Smith, another former media
executive. Smith was most recently chief executive of BBC
Worldwide, which sells content made by the British licence
fee-funded broadcaster to other countries.
Smith will focus on driving the retailer's presence in
digital media and mobile technology, it said, as well as looking
to save costs and reallocate resources.
Burberry shocked investors last September when it warned of
a slowdown in spending, especially in the key luxury goods
markets of Asia. But subsequent statements have been more
positive, with Christmas sales beating expectations.