Burberry has another new CEO: What to know about Joshua Schulman

Schulman is set to take over from Jonathan Akeroyd, whose tenure at the helm lasted just two years.

In little more than a decade, Burberry, the 170-year-old luxury fashion house, has cycled through four different CEOs in a bid to keep up with the industry’s ever-evolving demands. And as of this morning, a fifth contender is stepping up to the proverbial plate—effective immediately.