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Former Apple retail boss Angel La Ahrendts joins the board of Airbnb



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Former Apple retail boss Angel La Ahrendts is to join the board of Airbnb, the company announced on Thursday.

Burberry's former CEO led Apple's online retail stores for five years before the company announced its departure earlier this year.

Arendt was one of the highest paid employees in Apple with a total compensation of $ 26.5 million in 2018, according to Apple's proxy announcement from January 8, 2019. That year Tim Cook's CEO made $ 15.7 million in total compensation that year, According to filing.

At Apple, she used the company's physical stores to attract customers and develop the brand through store programs such as Apple Today. In a statement, Airbnb said its work around "community building among customers" would be an asset to the board.

Arendt is currently the third independent board member of Airbank. She joins former American Express chief executive Ken Nestle, former chief financial officer of Pixar Ann as an independent board member.

The Board's announcement comes as Airbnb is preparing for an initial public offering, which CEO Brian Ski said CNBC could be ready as soon as this year.

Watch: CNBC's 2017 call with outgoing Apple retail chief Angel La Ahrendts

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