Feb 5, 2019

Angela Ahrendts: Former Burberry boss to step down from Apple

Angela Ahrendts, the former high fashion boss of Burberry brought in to revitalise Apple's retail stores, is stepping down after five years. Apple said Ms Ahrendts will leave the company in April "For new personal and professional pursuits". Ms Ahrendts will be replaced by Deirdre O'Brien, whose role as vice president of people will expand to cover retail. During her time at Apple, Ms Ahrendts opened a number of flagship stores, aimed at creating a "Community space" as opposed to just selling the firm's latest product. In 2017, Ms Ahrendts earned $24.2m, compared to Mr Cook who took home $12.8m. Apple recently reported a sharp fall in revenue from its iPhone and hinted that it could lower prices to boost demand.

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