Burberry chief executive Angela Ahrendts will leave the luxury goods firm next year to join technology giant Apple.
At Apple she will become senior vice president for retail and online stores.
Ms Ahrendts has been with Burberry for almost a decade, and has been credited with turning it into a globally recognised firm.
She will be replaced by chief creative officer Christopher Bailey, who has been in the role for six years.
In her new job, Ms Ahrendts is expected to report directly to Apple chief executive Tim Cook.
Apple's decision to hire Ms Ahrendts comes just three months after it recruited Paul Deneve, the former chief executive of French luxury group Yves Saint Laurent, for 'special projects'.
The moves are rumoured to be related to Apple's development of an 'iWatch', in which an understanding of fashion will be as important as the technology and engineering behind the product.
'Moved and humbled'
Ms Ahrendts said it was 'an honour' to have worked at Burberry.
'Burberry is in brilliant shape. I am confident that Christopher, as one of this generation's greatest visionaries, will continue to lead Burberry to new heights,' Ms Ahrendts added.
Mr Bailey said he was 'moved and humbled' to take on the chief executive role. He will also retain his existing chief cr.
Burberry chief executive Angela Ahrendts will leave the luxury goods firm next year to join technology giant Apple.
At Apple she will become senior vice president for retail and online stores.
Ms Ahrendts has been with Burberry for almost a decade, and has been credited with turning it into a globally recognised firm.
She will be replaced by chief creative officer Christopher Bailey, who has been in the role for six years.
In her new job, Ms Ahrendts is expected to report directly to Apple chief executive Tim Cook.
Apple's decision to hire Ms Ahrendts comes just three months after it recruited Paul Deneve, the former chief executive of French luxury group Yves Saint Laurent, for 'special projects'.
The moves are rumoured to be related to Apple's development of an 'iWatch', in which an understanding of fashion will be as important as the technology and engineering behind the product.
'Moved and humbled'
Ms Ahrendts said it was 'an honour' to have worked at Burberry.
'Burberry is in brilliant shape. I am confident that Christopher, as one of this generation's greatest visionaries, will continue to lead Burberry to new heights,' Ms Ahrendts added.
Mr Bailey said he was 'moved and humbled' to take on the chief executive role. He will also retain his existing chief cr
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