head of the Burberry clothes brand cemented her position as the highest-paid
female executive in the FTSE 250 yesterday when she received a 5 per cent pay
rise, taking her salary to £880,000.
Marie Bravo, who signed a three-year deal when she joined Burberry in 2002,
received the pay rise as part of a deal that will ensure she continues at the
company until July 2006.
well as staying an extra year, the chief executive has agreed to move to a
rolling 12-month contract after July 2006.
company, whose world-famous checked clothing has proved increasingly popular at
both ends of the social spectrum, said it was responding to pressure from
shareholders, who were concerned that it had not planned what would happen when
Bravo’s contract came to an end.