{"id":193800,"date":"2022-01-20T18:37:56","date_gmt":"2022-01-20T18:37:56","guid":{"rendered":"https:\/\/www.theindustry.fashion\/?p=193800"},"modified":"2022-01-21T10:10:39","modified_gmt":"2022-01-21T10:10:39","slug":"burberrys-new-ceo-to-take-up-roles-two-weeks-early","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/burberrys-new-ceo-to-take-up-roles-two-weeks-early\/","title":{"rendered":"Burberry's new CEO to take up role two weeks early"},"content":{"rendered":"
Burberry<\/a><\/span> has announced that its incoming CEO, Jonathan Akeroyd, will join the luxury house two weeks earlier than had been expected on 15 March.\u00a0<\/strong><\/p>\n <\/p>\n Akeroyd joins from Versace and takes over from Marco Gobbetti,<\/strong> who left Burberry at the end of last year to move back to Italy to lead luxury footwear brand Salvatore Ferragamo.<\/p>\n He had initially been expected to take over on 1 April but the company informed the stock market of his early arrival today, a day after posting\u00a0third quarter revenues of \u00a3723m,<\/a><\/span> up by 5% compared to same period last year. The performance was helped by its increased focus on full-price sales.<\/p>\n Akeroyd is expected to receive a \u00a36m \"golden hello\" when he arrives at Burberry,\u00a0in deferred cash and shares in lieu of bonuses<\/strong> he has forfeited on leaving Versace. His new\u00a0pay package includes a \u00a31.1m annual salary plus cash benefits of \u00a350,000, as well as a potential bonus worth up to \u00a32.2m and long-term incentive share awards worth a possible \u00a31.8m.<\/p>\n Prior to running Versace, Akeroyd had been CEO at Alexander McQueen for 12 years<\/strong> and his CV also includes a stint at luxury department store Harrods.<\/p>\n