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04-23-2014, 08:42 PM #1
Former Burberry CEO Angela Ahrendts Set to Join Apple Next Week
During the recent second quarter earnings call, Apple CEO Tim Cook announced that the company’s new retail and online leader, Angela Ahrendts, will be joining Apple next week.
Ahrendts first resigned from British the British luxury fashion house Burberry in October of 2013 but was contractually obligated to stay on with the company for another six months as it transitioned to new CEO Christopher Bailey. Starting April, Ahrendts fulfilled her obligations and became free to leave Burberry to join Apple. Earlier this month, rumors suggested that Ahrendts might stay on with Burberry until June in order to pick up a two million pound performance bonus but it appears that she won’t be staying with the company in order to collect the payment.
Ahrendts will be joining Apple as the Senior Vice President of Retail and Online Stores, a position that has seen significant turnover over the past several years. In 2011, Ron Johnson left Apple for JC Penney, after building up Apple’s retail presence during his 11-year tenure. Johnson was then replaced by Dixons CEO John Browett who served less than a year at Apple. Since Browett’s departure the position has been empty.
We’ll have to see what changes Ahrendts makes going forward.