Apple's (AAPL) - Get Report retail chief Angela Ahrendts is leaving the company in April "for new personal and professional pursuits," the tech giant announced after the bell on Tuesday, reported TheStreet's staff.
Ahrendts, who joined Apple in 2014 after previously serving as the CEO of luxury fashion retailer Burberry, is being succeeded by Deidre O'Brien, the company's Vice President of People. In a new role of SVP of Retail + People, O'Brien will continue overseeing "people-related functions" such as talent development and recruiting, while also overseeing the company's 506 retail stores and 35 online stores.
Apple has steadily grown its retail footprint during Ahrendts' tenure, and now has 70,000 retail employees. The company has also taken steps -- most notably through its Today at Apple teaching sessions, which launched in 2017 -- to turn Apple Stores into community centers.
Jim Cramer said that he thinks the departure could mean that Apple expands its stores. Get access to Jim Cramer's VIP club for investors, Action Alerts Plus, and find out if Apple is in his portfolio.