Ralph Lauren Corporation today announced that it plans to add Angela Ahrendts and has appointed Michael George to the Company’s Board of Directors. The Board intends to nominate Ms. Ahrendts for election at the Annual Meeting of Stockholders, expected in August 2018, and has appointed Mr. George effective as of May 9, 2018. These appointments will bring the number of Directors on the Company’s Board to 13.
“I am delighted to welcome Angela and Mike to the Board of Directors,” said Mr. Ralph Lauren, Executive Chairman and Chief Creative Officer, in a statement. “Angela is an industry leader and innovator with deep expertise in luxury retail and an outstanding track record of growing global brands. Mike brings invaluable experience as a senior leader and board member, helping companies drive consumer engagement and growth. Their counsel will be incredibly valuable as we continue to build the future for our iconic brand.”
Patrice Louvet, President and Chief Executive Officer, said in a statement, “Angela and Mike are among the most respected leaders in the business. They each have driven strong growth and created superior value at some of the best-known brands in retail, and I know we will benefit greatly from their experience and fresh perspective as we continue to elevate our brand; evolve our product, marketing and shopping experience; expand our digital and international presence; and increase productivity.”
Ms. Ahrendts said in a statement, “I have admired Ralph and been inspired by his pure global lifestyle vision for many years. It is an honor to join this Board as he and Patrice continue to evolve and expand his incredible aesthetic.”
Mr. George was named President and CEO of Qurate Retail, Inc., in March 2018, a leading global video and e-commerce retailer which includes: QVC, HSN, zulily, Ballard Designs, Frontgate, Garnet Hill, Grandin Road, and Improvements. George was President and CEO of QVC, Inc., for the prior 12 years where he helped transform the company into a global multiplatform retailer spanning multiple ecommerce, mobile, and social platforms and 16 television networks. Previously, he was Chief Marketing Officer for Dell Inc., General Manager of Dell’s U.S. consumer business and earlier, a senior partner at McKinsey & Company. Mr. George serves on the Boards of Qurate Retail, Inc., Brinker International, the National Retail Federation and the National Constitution Center. He is also a member of CEO Action for Diversity and Inclusion.
Mr. George said in a statement, “I have long admired Ralph and the company, as they created one of the most influential and iconic brands in the world. I’m honored to have this opportunity to work with Ralph, Patrice and the Board and I’m excited for the future of this truly innovative company.”
Source: Ralph Lauren Corporation
MacDailyNews Take: Congrats to Ahrendts and George!
SEE ALSO:
Angela Ahrendts is again Apple’s best-paid employee – December 29, 2017
Apple now requires CEO Tim Cook to fly only on private jets – December 28, 2017
Apple CEO Tim Cook paid close to $102 million for fiscal 2017 – December 28, 2017
Forbes’ World’s 100 Most Powerful Women: Angela Ahrendts #13, Laurene Powell Jobs #14 – November 2, 2017
Tim Cook took home $10.3 million, Angela Ahrendts earned $25.7 million in 2015 – January 6, 2016
Apple’s Angela Ahrendts emerges as highest-paid U.S. woman with $83 million – May 5, 2015
Apple’s retail chief Angela Ahrendts paid $73.4 million in cash and stock last year; BoD member Drexler steps down – January 22, 2015
Apple’s new retail chief Ahrendts granted $68 million in restricted stock – May 6, 2014
I dont know about others, however i prefer the original Apple Store design. These news stores with plants and reduced Genius bar space is not ideal. On top of that no more toilets in these new Apple stores. On top of that the refurbished Apple store in Regent Street London dont have the glass staircase any more. Its a fake marble one, and the hand rails are a copy of the British Museum hand rails. Not original thinking here
I do not like this woman or the world she represents, the fashion boutique world that I’m sure Cook is ever so fond of. Stick her in a Karaoke carpool car, point it somewhere far away from Apple, and let it just go. Find someone that can at least answer the question… “What is a computer?” Apple seems to think not know is somehow important.
Under hear watch, Apple spent huge amount of money and time completely overhauling perfectly good Apple Stores, like the Regent Street in London. Yet the que of waiting people for the genius bar is just as long, and the genius bar area is much smaller now. The existing store with the glass staircase could have been retained and updated accordingly with increased genius specialists instead of the hotrod overhaul that happened. Very gimmicky. Lets not forget the glass store in Chicago that had birds crashing and exploding on the glass walls. Apple used extentive glass before but never had any issues. If they did, they would be on the news and i didnt hear any problems
I wish she would just go away. Apple Retail was better before she came and is getting worse instead of better.
I like her and current Apple retail stores.