British luxury brand Burberry said on Monday its incoming chief executive Marco Gobbetti will initially join the company on January 27th as executive chairman, Asia Pacific and Middle East, before joining the board and taking the top job on July 5th.

Italian Gobbetti, the former boss of French brand Celine, was named as Christopher Bailey’s successor as CEO last July. Bailey will take on the new role of president and chief creative officer.

Burberry will update on trading in its Christmas quarter on Wednesday.

– Reuters