Site icon Daily Business

Apple rewards golden girl Angela with $73 million pay packet

Angela AhrendtsAngela Ahrendts, who was amply rewarded for turning around ailing fashion house Burberry, has made an even bigger killing in her new job at US consumer products giant Apple.

The California company paid its head of retail $73 million (£49m) last year – dwarfing the $9m paid to chief executive Tim Cook.

It is not the first time she has received a huge remuneration package. When she left Burberry last spring she had shares in the company worth £24m. Her latest reward includes compensation for loss of benefits in the fashion chain.

Ahrendts, 54, whose official title is senior vice president of retail and online stores, joined Apple after leading Burberry through a period of global growth. By the time she left, revenues had nearly tripled to more than £2 billion.

Prior to Burberry, she was executive vice president at Liz Claiborne, and earlier in her career she served as president of Donna Karan International.

Apple created her current role especially for her. She became the first woman on Cook’s executive team and the first person responsible for more than 400 stores as well as online retail efforts.

Exit mobile version