Apple’s new retail chief gets $8 million in stock options – San Francisco Chronicle

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Veteran Apple employee Deirdre O’Brien has been granted up to $8 million in stock options as she takes on the role of the company’s head of retail and online operations.

O’Brien received two new batches of Apple options with different time frames, a regulatory filing shows, and based on current stock prices, the shares are worth around $8 million.

O’Brien, whose tenure at Apple spans 30 years, became the company’s head of retail Tuesday. Previously the vice president of people, her new role encompasses her former responsibilities and adds retail and online operations. She reports directly to CEO Tim Cook.

She takes over from Angle Ahrendts, who was one of the highest paid executives at Apple. Ahrendts, a former chief executive of luxury fashion company Burberry, spent five years at Apple and was paid at least $170 million over that period, including salary, bonuses, and stock, according to data compiled by Bloomberg.

The Cupertino company said that Ahrendts was leaving to pursue “new personal and professional pursuits.” She leaves in April.

Apple operates 506 retail stores globally and 35 online stores.

Shwanika Narayan is a San Francisco Chronicle staff writer. Email: shwanika.narayan@sfchronicle.com Twitter: @shwanika

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