Angela Ahrendts

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Angela Ahrendts
DBE
Born Angela Jean Ahrendts
(1960-06-07) June 7, 1960 (age 64)
New Palestine, Indiana, U.S.
Residence California
London, United Kingdom
Other names Angela Ahrendts-Couch
Citizenship US/UK
Alma mater Ball State University
Occupation Senior Vice President, Retail and Online Stores, Apple Inc.
CEO of Burberry (2006–2014)
Employer Apple Inc.
Salary US$73.1 million (2014)[1]
Net worth $150 million
Spouse(s) Gregg Couch
Children 3[2]
Website https://www.apple.com/pr/bios/angela-ahrendts.html

Angela Ahrendts, DBE (born June 7, 1960)[3] is an American businesswoman and the senior vice president of retail and online stores at Apple Inc. She was the CEO of Burberry from 2006 to 2014.[4] Ahrendts left Burberry to join Apple in 2014.[5] Ahrendts was ranked 25th in Forbes' 2015 list of the most powerful women in the world,[6] 9th most powerful woman in the U.K. in the BBC Radio 4 Woman’s Hour 100 Power List,[7] and 29th in Fortune’s 2014 list of the world's most powerful women in business.[8] She is also a member of the UK's Prime Minister's business advisory council.[9]

Early life

Ahrendts was born and raised in New Palestine, Indiana, the third of six children.[2] Her father, Richard Ahrendts, was a businessman, and her mother, Jean, was a homemaker.[10]

She attended New Palestine High School, where she was a varsity cheerleader.[10] In 1982, She earned an undergraduate degree in Merchandising and Marketing from Ball State University in Muncie, Indiana. In 2010, she received an honorary doctorate of Humane Letters from Ball State.[11]

Career

Ahrendts moved to New York City to work in the fashion industry.[2] After a series of positions including merchandising at bra maker Warnaco,[2] Ahrendts joined Donna Karan International in 1989, working to develop the luxury brand internationally through both wholesale and licensing.[12] In 1996 she was hired at Henri Bendel by Leslie Wexner to expand Bendel stores to 50 new markets, but the project was cancelled by the board of directors two years later.[2]

In 1998, she joined Fifth & Pacific Companies as Vice President of Corporate Merchandising and Design. In 2001, she was promoted to Senior Vice President Corporate Merchandising and Group President, responsible for the merchandising of the group's 20 plus brands including Laundry by Shelli Segal, Lucky Brand Dungarees and the men's retail business of Liz Claiborne Inc. In 2002, she was promoted again to serve as Executive Vice President, with full responsibility for the complete line of Liz Claiborne products, services and development across both women's and men's lines.[12]

Burberry

Ahrendts joined Burberry in January 2006, and took up the position of CEO on July 1, 2006 replacing Rose Marie Bravo. Ahrendts mitigated the brand's decline in prestige by immediately limiting the number of clothing and accessories carrying the Burberry check pattern to 10%, minimizing the damage ubiquitous counterfeits had caused to sales. She also oversaw the buying out of the Spanish franchise which was then generating 20% of group revenues to stop its unfettered licensing.[2] Ahrendts says she did not model her approach after any other fashion house, but looked to world-class design as an influence, including Apple Inc..[2] The company value rose during her tenure from £2 billion to over £7 billion.[2] CNN Money reported that during 2012, she was the highest paid CEO in the UK, making $26.3 million.[13]

Apple

On October 15, 2013, it was announced that Ahrendts would leave Burberry in Spring 2014 to join Apple Inc. as a member of its executive team as Senior Vice President of Retail and Online Stores, filling the spot vacated by John Browett in October 2012. On May 1, 2014, Apple's new SVP of Retail and Online Stores Angela Ahrendts was placed on the Apple Leadership roster, signaling her official entry into the company.[14][15]

According to Apple's 2015 Proxy Statement filed with the Securities and Exchange Commission,[16] Ahrendts earned over $70 million in 2014, more than any other executive at Apple, including CEO Tim Cook. She is the only female senior executive at Apple.[17]

Awards and memberships

Personal life

Ahrendts met her husband Gregg Couch in elementary school. They married in their 30s after a 17-year long-distance relationship. The couple has three children.[28] When Ahrendts was working at Burberry, the family lived in a 12,000 square feet (1,100 m2) home on an 8 acres (3.2 ha) plot west of London.[2] Brought up a Methodist, she is still an active Christian.[2]

References

  1. ↑ http://www1.salary.com/Angela-Ahrendts-Salary-Bonus-Stock-Options-for-APPLE-INC.html
  2. ↑ 2.0 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 Lua error in package.lua at line 80: module 'strict' not found.
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  9. ↑ https://www.gov.uk/government/news/business-advisory-group
  10. ↑ 10.0 10.1 Lua error in package.lua at line 80: module 'strict' not found.
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  12. ↑ 12.0 12.1 Lua error in package.lua at line 80: module 'strict' not found.
  13. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  14. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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  27. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  28. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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