8th Sep 2016 11:35
LONDON (Alliance News) - Burberry Group PLC Thursday said outgoing Chief Financial Officer Carol Fairweather sold 33,981 shares at a price of 1,312.61 pence per share on Wednesday.
The sale is worth GBP446,038 gross.
In July Burberry said Fairweather would be leaving the business "to pursue new opportunities". She will step down from the board in January 2017 and leave the company at the end of the financial year.
Fairweather will be replaced by Julie Brown who has been appointed chief operating & financial officer.
Shares in the luxury fashion brand were down 1.7% at 1,294.00p Thursday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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