Mulberry group finance director Charles Anderson is set to step down from his role, after joining the luxury retailer in 2019.
The executive will exit the board, effective from 31 January, but is set to support the company until 1 August.
Mulberry group confirmed the board had begun a process to find a successor, with a further announcement to be made in due course.
Anderson said: “I would like to thank the board and my colleagues for their support in my time as group finance director.
“Mulberry is an iconic brand and it has been a privilege to be part of its journey. I am confident that Mulberry is well positioned for future success and I wish the team all the best in the years ahead.”
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The departure comes after the British retailer saw half-year losses widen in November, as the brand’s new CEO highlighted the “clear need to reprioritise and rebuild the business”.
The luxury handbag specialist’s losses swelled to £15.7m for the 26 weeks ended 28 September, compared to £12.8m in 2023, as sales plunged 19% to £56.1m.
Mulberry unveiled plans to “streamline operations, improve margins, reduce working capital, and strengthen our cash position” following the results.
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