British luxury brand Burberry is flourishing and so is its CEO, the American Angela Ahrendts. She was just named the best paid CEO of Great Britain and that is a first: never before was a woman at the top of the list.
Almost 20 million euro
In 2012 Angela Ahrendts (53), head of Burberry since 2006, earned 16.9 million pound, about 20 million euro. That was almost 6 million euro more than the number two on the list, government group Manifest and consultancy bureau MM&K found out as they did the math on the wages of 350 British top managers. It is the first time a woman has been named best paid CEO of Great Britain.
It was Ahrendts who revived the British icon for a massive comeback: she made Burberry connect to the digital world and social media and launched a line of accessories as well as make-up. According to Burberry Ahrendts has caused “record sales and profit” and the share of the company rose by 186% over the past five years. Despite a profit warning last year Burberry performed strongly in 2012.
Number two on the list, behind Ahrendts, is the former CEO of Shire Pharmaceuticals, Angus Russell. The bronze medal was shared between two CEO’s: Graham Mackay of SABMiller and Paul Walsh of Diageo.