Report: Burberry Is Looking for Its Next Chairman
British luxury brand Burberry is evaluating potential candidates to succeed Gerry Murphy as chairman, Sky News reported on Tuesday.
While Murphy is not expected to step down this year, the exact timing of his departure has not been formally determined, the report said, citing insiders.
Murphy, who took over from Sir John Peace in 2018, also serves as chairman of Tesco, Britain's largest supermarket operator.
Burberry did not immediately respond to a Reuters request for comment.
By Aatrayee Chatterjee and Bageshri Banerjee; Editor: Tasim Zahid
Learn more:
Burberry Soars After US Demand Pickup
Shares in the British mega-brand surged after a pickup in US demand buoyed sales results, raising investor hopes for a luxury market recovery.
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