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The company said that Rutherford will leave on 31st December in order to pursue other opportunities.

Godfrey Davis, Chairman and Chief Executive, commented, "The directors would like to thank Guy for his contribution to the company over the last nine years and his involvement in the turnaround that has been achieved. We wish him every success for the future."

Guy Rutherford FCCA, 42, joined Mulberry in January 1999 and was appointed Group Finance Director in September 1999. Previously he held senior financial and commercial roles with a number of organisations, latterly Hays Commercial Services. At Mulberry he is responsible for the IT systems, finance, warehousing and distribution.

Somerset-based Mulberry Group Plc posted a £45.1m turnover in 2007, up from £43.4m in the previous year, with operating profits of £6.7m.  As part of the firm's turnaround programme, Mulberry has reduced wholesale distribution and expanded its own network of luxury accessory stores in London, Paris, New York and Los Angeles.