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Article: Burberry chief pockets record GBP 10m pay deal
- Article from:
- Evening News - Scotland
- Article date:
- June 24, 2002
- Author:
CopyrightCopyright 2002 Evening News - Scotland. Provided by ProQuest LLC. (Hide copyright information)
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ROSE MARIE BRAVO, the woman credited with turning around Burberry,
is to get a 10 million pounds pay package when the firm floats next
month, making her the UK's highest paid female chief executive.
The revelation was contained in details of the company's expected
arrival on the stock exchange, released today by its owner GUS.
The prospectus said that Ms Bravo, a 51-year-old New Yorker, will
be paid a five-figure yearly clothing allowance.
The 146-year-old British company famous for its beige check-lined
raincoats, was originally meant to have been floated this month, but
tough market conditions have pushed its debut back a month.
Trading in the 112 million shares being put up for sale ...