Burberry appoints ex-Tesco CFO as Non-Executive Director
Burberry Group has announced Alan Stewart as its new Non-Executive Director and member of the Audit and Nomination committees, effective from 1 September 2022.
Matthew Key will be retiring as a Non-Executive, following completion of nine years’ service. Burberry said it anticipates that Stewart will replace Key as Audit Committee Chair.
Stewart is a Non-Executive Director on the boards of Diageo plc and Reckitt Benckiser Group. He was previously a Non-Executive Director and Audit Committee Chair of Games Workshop Group from 1996 to 2009.
Most recently, Stewart served as Chief Financial Officer of Tesco PLC from 2014 to 2021. Prior to this, he has held other senior positions including CFO of Marks & Spencer PLC and Group Finance Director of WH Smith PLC.
Gerry Murphy, Chair of Burberry's Board of Directors, said: “Alan is a highly experienced Chief Financial Officer and Non-Executive Director of major international public companies. We are delighted that he has accepted our invitation to join the Burberry board. I would like to take this opportunity to thank Matthew for his outstanding service to Burberry. The Board and I look forward to his continuing counsel and leadership of the Audit Committee over the coming months.”