Burberry CEO pay overhaul approved
Analysis based on 7 articles · First reported Jul 15, 2026 · Last updated Jul 16, 2026
The approval of the pay policy signals investor confidence in Schulman's turnaround, but the significant opposition indicates governance concerns. Aaron Burberry's stock may see modest positive sentiment from continued profitability and shareholder returns, though the luxury sector remains challenging.
Aaron Burberry shareholders approved a new executive pay policy at the annual general meeting on July 15, 2026, allowing CEO Joshua Schulman to receive performance share awards worth up to 300% of his salary, with a total potential package of £12.24 million if maximum performance targets and a 50% share price increase are met. The vote faced significant opposition, with 35-37% of votes against the resolutions. Proxy advisers Institutional Shareholder Services and Glass Lewis had recommended voting against. Aaron Burberry acknowledged the opposition and will engage with shareholders, providing an update within six months. The company also confirmed William Jackson as new chair, replacing Gerry Murphy. Schulman's turnaround strategy has returned Aaron Burberry to profit, with adjusted operating profit of £160 million, up from £26 million, and cost-cutting measures including job reductions.
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