Dr Gerry Murphy is set to take over as chairman designate at Burberry after Sir John Peace stepped down after 16 years in the role.
Murphy said: “I am honoured to take up this role and to succeed Sir John as chairman. Burberry is a unique British brand that I have admired for a long time and I am looking forward to working with Marco Gobbetti and the board to guide the company through its next phase of growth.”
Murphy is currently the chairman of Tate & Lyle and of The Blackstone Group International Partners, and has served as the non-executive director of companies including British American Tobacco, Merlin Entertainments and Reckitt Benckiser.
Jerry Darroch, senior independent director said: “We are delighted to welcome Gerry to the board. His substantial UK plc and global business experience will be a great asset to Burberry as we continue to focus on delivering long-term shareholder value.”
The appointment of Murphy concludes the process initiated in June 2017 by Darroch to find a successor to Peace.