Burberry CEO To Leave For Job At Apple
STEVE INSKEEP, HOST:
NPR's business news starts with a fashionable departure.
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INSKEEP: The chief executive of Burberry is leaving the historic British fashion house for a job at Apple. Angela Ahrendts will oversee the expansion of Apple retail and online stores. It's a newly created position for Ahrendts, who will report directly to Apple CEO Tim Cook. Since taking over Burberry in 2006, Ahrendts has nearly tripled revenue for the company - known for its distinctive tartan patterns.
Last year, the Indiana native was also the highest paid CEO in Britain.
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