Angela Ahrendts Explained

Honorific Prefix:Dame
Angela Ahrendts
Birth Name:Angela Jean Ahrendts
Birth Date:7 June 1960
Birth Place:New Palestine, Indiana, US
Other Names:Angela Ahrendts-Couch
Education:Ball State University
Occupation:Senior Vice President, Retail, Apple Inc. (2014–2019)
CEO of Burberry (2006–2014)
Spouse:Gregg Couch
Children:3[1]

Dame Angela Jean Ahrendts, (born 7 June 1960)[2] is an American-British businesswoman who was previously the senior vice president of retail at Apple Inc. She was the CEO of Burberry from 2006 to 2014.[3] She left Burberry to join Apple in 2014.[4] She was ranked 25th in Forbes' 2015 list of the most powerful women in the world,[5] 9th most powerful woman in the U.K. in the BBC Radio 4 Woman's Hour 100 Power List,[6] and 29th in Fortunes 2014 list of the world's most powerful women in business.[7] She was also a member of the UK's Prime Minister's business advisory council until it was disbanded in 2016.[8] [9]

Early life

Ahrendts was born and raised in New Palestine, Indiana, the third of six children.[1] 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 1981, she earned an undergraduate degree in Merchandising and Marketing from Ball State University in Muncie, Indiana.[11]

Career

Ahrendts moved to New York City to work in the fashion industry.[1] After a series of positions including merchandising at bra maker Warnaco,[1] she 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.[1]

In 1998, she joined Fifth & Pacific Companies as vice president of corporate merchandising and design. In 2001, she was promoted to senior vice president of 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. She 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 back of the brand's fragrance and beauty product licenses and the buying out of the Spanish franchise which was then generating 20% of group revenues to stop its unfettered licensing.[13] [1] She stated that she did not model her approach after any other fashion house, but looked to world-class design as an influence, including Apple Inc.[1] The company value rose during her tenure from £2 billion to over £7 billion.[1] CNN Money reported that during 2012, she was the highest-paid CEO in the U.K., making $26.3 million.[14]

Apple

On 15 October 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 1 May 2014, she was placed on the Apple Leadership roster.[15] [16]

According to Apple's 2015 proxy statement filed with the Securities and Exchange Commission,[17] Ahrendts earned over $70 million in 2014, more than any other executive at Apple, including CEO Tim Cook. As of August 2016, she is reported to own approximately US$11 million worth of Apple shares.[18]

On 5 February 2019, Apple announced that she would leave the company in April[19] to be replaced by Deirdre O'Brien.

Board memberships

Ahrendts is a non-executive board member of Save the Children, Ralph Lauren Corporation, Airbnb and . As of 1 July 2020, she is also a non-executive member of the board of WPP plc.[20]

Awards and memberships

Personal life

Ahrendts met her husband, Gregg Couch, while they were in elementary school, and they were high school sweethearts. The couple has three children.[32] When she was working at Burberry, the family lived in a home on an plot west of London.[1] Brought up a Methodist, she is still an active Christian.[1]

See also

External links

Notes and References

  1. News: Earning Her Stripes . . Nancy . Hass . 9 September 2010 . https://web.archive.org/web/20100911195704/http://magazine.wsj.com/features/the-big-interview/earning-her-strips/ . 11 September 2010.
  2. Web site: A Ahrendts - United States Public Records. FamilySearch. 23 January 2015.
  3. Web site: Angela Ahrendts . https://web.archive.org/web/20131106024527/http://investing.businessweek.com/research/stocks/people/person.asp?personId=2015350&ticker=BRBY:LN. dead. 6 November 2013. Businessweek. 1 February 2013.
  4. Web site: Apple Hires Burberry CEO Angela Ahrendts to Head its Retail Efforts. Fried. Ina. All Things Digital. 14 October 2013. 14 October 2013.
  5. Web site: Howard. Caroline. The World's Most Powerful Women 2014. Forbes. 25 June 2014.
  6. Web site: The Power List 2013. BBC Radio 4 Woman's Hour.
  7. News: Fairchild. Caroline. Leahey. Colleen. VanderMey. Ane. The Most Powerful Women in Business. 28 September 2014. Fortune. 2014.
  8. Web site: Business Advisory Group. gov.uk. 18 November 2014 .
  9. https://www.theguardian.com/business/2016/sep/22/theresa-may-tells-big-business-advisers-no-more-advice-please Theresa May tells big business advisers: no more advice please
  10. Web site: Can Apple's Angela Ahrendts Spark a Retail Revolution? . . 4 January 2014 . Jeff . Chu . 9 October 2014 .
  11. Web site: 100 Years – Ball State University. January 15, 2021. bsu.edu.
  12. News: Executive Profile - Angela Ahrendts. https://web.archive.org/web/20131106024527/http://investing.businessweek.com/research/stocks/people/person.asp?personId=2015350&ticker=BRBY:LN. dead. November 6, 2013. 23 January 2015. Businessweek. 2014.
  13. Book: Kuehlwein. JP. Schaeffer. Wolf. Rethinking Prestige Branding - Secrets of the Ueber-Brands. 2015. Kogan Page. London. 978-0749470036. 211.
  14. News: Petroff. Alanna. Top paid CEO in U.K. is an American woman. CNN Money. 11 June 2013. 11 June 2013.
  15. News: Burberry chief Angela Ahrendts to join Apple . . 15 October 2013.
  16. Web site: Angela Ahrendts Named Honorary DBE . . 8 April 2014 . 8 April 2014 . Marfil. Lorelei.
  17. Web site: Apple Inc., 2015 Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 . 9 January 2015 . 22 January 2015 . Apple Inc..
  18. Web site: ANGELA J AHRENDTS Insider Trading Overview. insidermole.com. 23 August 2016.
  19. Web site: Apple names Deirdre O'Brien senior vice president of Retail + People . apple.com . 5 February 2019.
  20. Web site: 11 June 2020. WPP Appoints Angela Ahrendts DBE to the Board. 8 July 2021. businesswire.com.
  21. News: Wood. Zoe. Cameron reshuffles business matters advisory group. 23 January 2015. The Guardian. 12 December 2012.
  22. Web site: St. George's Society of New York 2012 Annual Report. St. George's Society of New York. 23 January 2015. 6. 2012. https://web.archive.org/web/20150125121132/http://www.stgeorgessociety.org/doc/aboutus/St-George-Book-2012.pdf. 25 January 2015. dead.
  23. Web site: Angela Ahrendts. Business of Fashion. 23 January 2015. 16 March 2015. https://web.archive.org/web/20150316234818/http://www.businessoffashion.com/angela-ahrendts. dead.
  24. Web site: Burberry head Angela Ahrendts receives honorary DBE. 2021-10-01. GOV.UK. en.
  25. News: 2011 Businessperson of the Year. . 17 November 2011. McGill Murphy. Richard.
  26. News: 2013'S Top People In Business. . Marilyn . Adamo. Colleen. Leahey. 21 November 2013.
  27. News: Friedman. Vanessa. Angela Ahrendts. 23 January 2015. Financial Times. 12 December 2013.
  28. News: The 1000 Most Creative People in Business: Angela Ahrendts - CEO, Burberry. 23 January 2015. Fast Company. 2014.
  29. News: The 50 Most Powerful Women in Business: Global edition Fortune's Most Powerful Women . . Rupali . Arora . Catherine . Dunn . Beth . Kowitt . Colleen . Leahey . Patricia . Sellers . Anne . Vandermey . 6 February 2014.
  30. News: Most Powerful Women - The International Power 50 . . Rupali . Arora . 10 October 2013.
  31. News: 50 Most Powerful Women in Business 2012. . 23 July 2023.
  32. Web site: Angela Ahrendts, a shy girl from Indiana, lands executive post at Apple . . 15 October 2013 . Dana . Hunsinger . 9 October 2014 .

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