Mulberry FD to step down after eight years

THE GROUP FD of British fashion house Mulberry is to leave after eight years in the role.

Roger Mather will step down from the business in June 2016, to ensure a smooth transition.

Mather joined Mulberry in November 2007, after ten years in senior finance and commercial roles with Otto group in Hong Kong and the UK. He is also a director and trustee of Beaudesert Park School Trust. The ICAEW fellow trained and qualified with Price Waterhouse.

Trading has been tough for Mulberry in recent times, with sales up 1% to £109.9m for the year ending 31 March 2015, with H2 trading making up for a difficult first half of the financial year. The group made a £1.4m loss after tax, compared to an £8.6m profit in the previous year. Its dividend was held a 5/0p per share.

Godfrey Davis, Mulberry chairman, said: “The board would like to express its thanks to Roger for his valuable contribution to the group over the past eight years during which time we have nearly quadrupled our turnover.

“The search for his successor has commenced and we are delighted that Roger has agreed to continue with the Group until the end of June 2016 in order to ensure a professional handover of duties.”