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Burberry CEO To Leave For Job At Apple

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Burberry CEO To Leave For Job At Apple

Business

Burberry CEO To Leave For Job At Apple

Burberry CEO To Leave For Job At Apple

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  • <iframe src="https://www.npr.org/player/embed/234587008/234586963" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

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.

STEVE INSKEEP, HOST:

NPR's business news starts with a fashionable departure.

(SOUNDBITE OF MUSIC)

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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