Mulberry group finance director Roger Mather has resigned after eight years with the luxury brand.

Mulberry said the search for his successor “has commenced” and Mather will remain on the board as group finance director until June 30, 2016 to oversee a smooth transition.

It is not known if Mather has a job to go to.

Mather was appointed group finance director in 2007, succeeding Guy Rutherford. He had previously worked for German mail order specialist Otto Group in the UK and Hong Kong. 

Mulberry has suffered a turbulent few years and reported pre-tax profits slumped 86% to £1.9m in the 12 months to March 31. However, the brand reported improved trading in the second half after focusing on more affordable items to re-engage its customers.

Mulberry chairman Godfrey Davis said: “The Board would like to express its thanks to Roger for his valuable contribution to the Group over the past eight years during which time we have nearly quadrupled our turnover.”