“Former Apple retail boss Angela Ahrendts is joining Airbnb’s board, the company announced Thursday,” Lauren Feiner and Deirdre Bosa report for CNBC. “The former Burberry CEO led Apple’s retail and online stores for five years before the company announced her departure earlier this year.”

“Ahrendts had been one of the highest-paid employees at Apple with a total compensation of $26.5 million in 2018, according to Apple’s proxy statement from Jan. 8, 2019,” Feiner and Bosa report. “In the announcement, Airbnb said her work around “building community among customers” would be an asset to the board.”

Feiner and Bosa report, “The board announcement comes as Airbnb is preparing for an initial public offering, which CEO Brian Chesky told CNBC could be ready as soon as later this year.”

Read more in the full article here.

MacDailyNews Note: Airbnb’s press release, verbatim:

Angela Ahrendts appointed to Airbnb Board of Directors

Airbnb’s mission is to create a world where anyone can belong anywhere. To advance our mission, we are focused on reimagining travel by building an end-to-end travel platform that combines where you stay, what you do, and how you get there, all in one place. To achieve this goal, we must have a Board of Directors that helps us implement this vision and institutionalize our intentions.

Angela Ahrendts, Member of Airbnb’s Board of Directors

Angela Ahrendts, Member of Airbnb’s Board of Directors

That is why we are proud to announce that Angela Ahrendts has joined Airbnb’s Board of Directors as our third independent non-affiliated Board Member, joining Ken Chenault and Ann Mather.

A world-renowned leader in the retail space, Angela brings to the Board a profound creativity, enormous expertise in scaled services, and a passion for building community among customers. For the past five years, she oversaw global retail at Apple, creating a seamless customer experience designed to foster greater human connection by integrating the company’s physical and digital businesses across its online store, app and more than 500 retail stores in 25 countries. Under her leadership, the Today at Apple program turned stores into gathering places, reshaping Apple’s retail experience to inspire community and unlock creativity.

“Angela has a reputation for pushing brands to dream big, and she told me that’s exactly what she hopes to bring to Airbnb’s Board. She has led global brands through transformation, completely redefined the retail experience, and has done it all while putting customers and communities first. I’m so excited for her to join our Board and know her innovative thinking will make us a better company.”

Prior to Apple, Angela spent eight years as CEO for luxury brand Burberry, one of the most coveted and iconic brands in the fashion industry. She led the company’s turnaround by focusing on world-class design and service and emphasizing culture, values and positive energy, resulting in a tripling of the business. Throughout Burberry’s resurgence, she was committed to giving back to the community, creating the Burberry Foundation that dedicated one percent of the company’s profits towards programs that unlock the creative thinking of children. — Brian Chesky, Co-Founder, CEO and Head of Community

I am elated by the opportunity to join Airbnb’s Board of Directors at this important phase on the incredible journey of the company and its community of hosts and guests. I have known Brian, Joe and Nate for years and have a deep admiration and respect for their vision, purpose and the positive impact they want Airbnb to make in communities all around the world. —  Ahrendts, Member of Airbnb’s Board of Directors

Before Burberry, Angela spent 25 years in New York as Executive Vice President at Liz Claiborne Inc., and earlier in her career as President of Donna Karan International. A native of Indiana, Angela has a B.A. from Ball State University where she was awarded an honorary doctorate of Humane Letters in 2010. She was also a member of the UK’s Prime Minister’s Business Advisory Council from 2010 to 2015, and named Honorary Dame Commander of the British Empire in 2014.

Source: Airbnb, Inc.

SEE ALSO:
Angela Ahrendts gives first interview since leaving Apple – May 6, 2019
Ron Johnson: Apple Retail Stores ‘are a victim of their own success’ – February 12, 2019
Apple’s new retail head needs to fix the biggest problem with Apple Retail Stores – February 8, 2019
What’s next for Apple’s Retail Store empire? – February 8, 2019
New Apple retail chief Deirdre O’Brien receives stock grant worth up to $8.2 million – February 8, 2019
Angela Ahrendts’ Apple departure points to wider mystery – February 6, 2019
Examining Angela Ahrendts’ five-year tenure as head of Apple Retail – February 6, 2019
Apple CEO Cook thanks Angela Ahrendts in company-wide memo to employees – February 6, 2019
Apple names third retail chief in seven years – February 6, 2019
Apple’s Angela Ahrendts to depart in April; Deirdre O’Brien named senior vice president of Retail + People – February 5, 2019
Apple’s Angela Ahrendts has a plan for next-gen retail – January 29, 2019
Why Angela Ahrendts left Burberry for Apple – June 20, 2018
Ralph Lauren to add Apple’s Angela Ahrendts to Board of Directors – May 9, 2018
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
Deirdre O’Brien named Apple’s vice president of People – July 21, 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