During this afternoon's quarterly earnings call, Tim Cook announced that Angela Ahrendts will be officially joining Apple next week. The announcement was made last October, but Ahrendts has been under contract with her previous job—CEO of luxury clothing company Burberry—until now.
Ahrendts will join Apple as the Senior Vice President of Retail and Online Stores, a position that has seen significant turnover in recent years. In 2011, Ron Johnson left for a CEO position at JC Penney, and his replacement, John Browett, was ousted in less than a year due to a conflict in strategy...