Apple Welcomes New Retail VP John Browett With $60 Million In Stock

Apple Welcomes New Retail VP John Browett With $60 Million In Stock

Apple's newest VP comes from European retailer Dixons.

Following legendary Apple retail guru Ron Johnson’s departure to JC Penny, former Dixons CEO John Browett has officially joined Apple has the new Senior Vice President of Retail. Apple announced that Browett would be coming to the company back in January, but a recent filing with the U.S. Securities and Exchange Commission reveals that he has officially joined the company with $60 million in stock.

Following his acceptance of the retail VP position, Apple awarded Browett 100,000 stock shares. At the current AAPL value that translates to about $60 million, with different amounts spread out over various vesting dates.

From Apple’s original press release:

Browett comes to Apple from European technology retailer Dixons Retail, where he has been CEO since 2007. Beginning in April, he will be responsible for Apple’s retail strategy and the continued expansion of Apple retail stores around the world.

“Our retail stores are all about customer service, and John shares that commitment like no one else we’ve met,” said Tim Cook, Apple’s CEO. “We are thrilled to have him join our team and bring his incredible retail experience to Apple.

Apple’s executive bios page hasn’t been updated with Browett’s information yet, but it should be soon. Browett now operates the most profitable retail chain in existence.

About the author

Alex HeathAlex Heath is a journalist and co-host of The CultCast. He has been quoted by the likes of the BBC, KRON 4 News, and books like "ICONIC: A Photographic Tribute to Apple Innovation." He lives in Lexington, Kentucky. If you want to pitch a story, share a tip, or just get in touch, additional contact information is available on his personal site. Follow him on Twitter.

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