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Burberry appoints McLaren’s Kate Ferry as CFO
Global Banking & Finance Review®
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LONDON (Reuters) – British luxury brand Burberry said on Wednesday it had appointed Kate Ferry as its next chief financial officer, succeeding Julie Brown, who is joining GSK.
LONDON (Reuters) – British luxury brand Burberry said on Wednesday it had appointed Kate Ferry as its next chief financial officer, succeeding Julie Brown, who is joining GSK.
Ferry, who is currently chief financial officer at Formula One and luxury car firm McLaren Group, will join Burberry by early September at the latest, the company said.
Senior vice president Ian Brimicombe will be interim CFO from April 2, after Brown’s departure, until Ferry starts, Burberry said.
(Reporting by Paul Sandle; Editing by Kate Holton and Sarah Young)
A Chief Financial Officer (CFO) is a senior executive responsible for managing the financial actions of a company, including financial planning, risk management, record-keeping, and financial reporting.
Financial planning is the process of setting financial goals, developing strategies to achieve them, and making informed decisions about resource allocation to ensure financial stability and growth.
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