NEW ADDITION OF THE FIRST WOMAN TO APPLE’S EXECUTIVE TEAM IS A GOOD MOVE $AAPL $BBY $WMT $JCP $BRBY
Apple AAPL has managed to attract the first woman to its top ten executive team. The woman is Angela Ahrendts, CEO of Burberry Group Plc. The stock market clearly views Apple hiring Ahrendts as a loss for Burberry; as of this writing, Burberry stock in London is trading down about 5%.
Ahrendts will become the new chief of Apple Stores including its online store. Ahrendts will directly report to CEO Tim Cook and join Apple in the spring of 2014.
Apple has been searching for a retail chief since Cook fired John Browett, leaving the position open. Apple had hired John Browett with great fanfare from the British retailer Dixons, where he served as the CEO. … Please click here or the title below to read more.