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LONDON - Burberry Group PLC (LSE:BRBY) disclosed today that Sam Fischer, serving as an independent Non-Executive Director, will retire from the company’s board following the Annual General Meeting scheduled for July 2025. Fischer’s decision to step down is to dedicate more time to his business interests in Australia, where he resides.
Fischer joined the Burberry (LON:BRBY) board on November 1, 2019, and has been a part of the Remuneration and Nomination Committees during his tenure. He will maintain his roles on these committees until his retirement.
Gerry Murphy, the Chair of Burberry, expressed gratitude for Fischer’s contributions: "I would like to take this opportunity to thank Sam for his commitment and insightful contributions to the Board since joining in 2019. The Board and I wish him the very best in his future endeavours."
Burberry, a luxury fashion house known for its distinctive tartan pattern and iconic trench coats, is a member of the FTSE 250 index and trades under the ticker symbol BRBY.L on the London Stock Exchange (LON:LSEG). The company also has an ADR symbol (OTC:BURBY) for over-the-counter trades in the US.
This transition comes as part of the natural ebb and flow of corporate governance, with board members periodically stepping down to pursue other interests or due to other commitments. The announcement was made via an RNS news release, a service of the London Stock Exchange. The company has made it clear that this announcement does not serve as an invitation to buy or sell Burberry shares.
Fischer’s departure is part of the routine changes in the composition of Burberry’s board and does not indicate any underlying changes in the company’s strategy or performance. The information regarding the board change is based on a press release statement from Burberry Group PLC.
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