Mulberry’s non-executive director, Julie Gilhart, is stepping down after nearly a decade of service.
- Gilhart joined Mulberry in 2014, bringing her experience from Barneys New York.
- Her departure comes as she reaches the end of her current term, with no plans for re-election.
- Mulberry’s AGM on November 19 will mark her official exit from the board.
- Frasers Group’s recent share acquisition pushes its stake in Mulberry to 37.2%.
In a significant development for Mulberry, Julie Gilhart, the company’s non-executive director, will step down after its Annual General Meeting (AGM) next month. Having served on the board since December 2014, Gilhart’s contributions over nearly ten years have been pivotal to the brand’s board operations.
Prior to her tenure at Mulberry, Gilhart made her mark in the fashion industry through an extensive career at Barneys New York, where she last held the position of fashion director. Her transition into Mulberry brought valuable insights and expertise, significantly influencing the company’s strategic decisions over her term.
The decision for Gilhart to step down coincides with the end of her current term, as announced on October 11. Opting not to seek re-election, her departure will be formalized following the conclusion of the AGM scheduled for November 19. This has prompted reflections from Chris Roberts, chairman of Mulberry, who expressed gratitude for her significant contributions, stating, “On behalf of the board, I would like to thank Julie for her contribution to Mulberry over the past decade and we wish her well for the future.”
This leadership change occurs amidst increased activity on the part of the Frasers Group, which recently acquired an additional 3.93 million shares of Mulberry. This acquisition, at a cost of 100 pence each, increased Fraser’s ownership stake from 36.8% to 37.2%. The group faces a deadline until October 28 to make a definitive decision on a potential offer, following a rejected £83 million takeover bid.
Julie Gilhart’s departure marks the end of an era for Mulberry as the company navigates its future amid significant shareholder developments.
