toggle

AAPL Stock: 100.86 ( -0.77 )

Printed from http://www.macnn.com

Angela Ahrendts to join Apple 'next week,' says Tim Cook

updated 05:50 pm EDT, Wed April 23, 2014

Surprise news beats expectations

Former Burberry CEO Angela Ahrendts will be joining Apple as its retail head "next week," Apple CEO Tim Cook revealed today during the company's Q2 conference call. Ahrendts has been confirmed as making the switch since last year, but until now neither Apple nor Burberry would give an exact timeframe. In the interim Ahrendts has been helping Burberry transition to her successor, CCO Christopher Bailey.

Last week a Guardian report suggested that Ahrendts might not join Apple until June. Burberry reportedly offered her a bonus of up to £8 million (about $13.5 million) to keep her on board during the transition. Behind-the-scenes negotiations may have allowed Ahrendts to jump ship with less of a penalty.




by MacNN Staff

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

Autodesk Smoke 2015

Since May of this year, Autodesk has been shipping the highly anticipated update to its high-end post-production video editing suite, ...

Crucial MX100 256GB SATA-3 SSD

While the price-per-gigabyte ratio for magnetic platter-based hard drives can't be beat, the speed that a SSD brings to the table for ...

Narrative Clip

With the advent of social media technology, people have been searching for new ways to share the events of their daily lives -- be it ...

toggle

Most Commented