Apple Inc. named the chief executive officer of the largest U.K. consumer-electronics retailer to run its stores, ending more than seven months of searching for an executive to oversee international expansion.
Apple Inc.’s Tim Cook, in his first major hire since becoming chief executive officer, picked the head of the largest U.K. consumer-electronics retailer to run the iPhone maker’s chain of stores and oversee global expansion.
Four of the five highest-paid employees at Standard & Poor’s 500 companies aren’t chief executive officers. They’re Apple Inc. senior lieutenants receiving compensation packages designed to keep management intact in an increasingly competitive industry.
Dixons Retail Plc, Europe’s second- largest electronics retailer, plans to open small stores in shopping malls across Europe under the name of its online brand Pixmania as consumers demand a more multi-channel approach.
Apple Inc. said mobile software head Scott Forstall and retail chief John Browett are departing as Chief Executive Officer Tim Cook embarks on a sweeping management overhaul at the world’s most valuable company.