Burberry names Bailey CEO as Ahrendts quits for Apple

LONDON (Reuters) - Burberry Group said its chief creative officer Christopher Bailey would become chief executive, following the departure of long-standing boss Angela Ahrendts to Apple. The British fashion house said on Tuesday Ahrendts would step down by mid-2014 after which Bailey would be appointed to the role of Chief Creative and Chief Executive Officer. Bailey has been at Burberry since 2001 and has held the major creative role for six years. Ahrendts will join Apple to take up a newly created position as a senior vice president with oversight of Apple retail and online stores. ...

via Tech News Headlines - Yahoo! News http://news.yahoo.com/burberry-names-bailey-ceo-ahrendts-quits-apple-063420637--finance.html