Ron Johnson (Apple)
Encyclopedia
Ron Johnson is the CEO of J. C. Penney
and was the Senior Vice President of Retail
Operations at Apple Inc. He pioneered the concept of the Apple Retail Stores and the Genius Bar
. Ron joined Apple in January 2000. He previously worked as vice president of merchandising for Target
.
Under Johnson's direction, Apple's retail stores achieved a record level of growth, exceeding a billion dollars in annual sales within two years of their debut, besting the previous record set by The Gap
. Apple today operates over 300 stores, including outlets in Australia, Canada, China, France, Germany, Italy, Switzerland, The United Kingdom, The United States, Shanghai, Hong Kong and Japan. Apple is expanding their retail presence aggressively, and is expected to open a store in Berlin and Barcelona in the near future.
Johnson received his M.B.A. from Harvard and his Bachelor of Arts in Economics from Stanford University.
On October 31, 2007 Johnson exercised 700,000 stock options in Apple stock with a strike price of $23.72, and then sold the stock later that day for $185 to $185.21 apiece netting him a USD $112m profit. It has been reported that Johnson has earned $400 million during his seven and a half years at Apple.
J. C. Penney
-External links:*...
and was the Senior Vice President of Retail
Retail
Retail consists of the sale of physical goods or merchandise from a fixed location, such as a department store, boutique or kiosk, or by mail, in small or individual lots for direct consumption by the purchaser. Retailing may include subordinated services, such as delivery. Purchasers may be...
Operations at Apple Inc. He pioneered the concept of the Apple Retail Stores and the Genius Bar
Genius Bar
The Genius Bar is a tech support station located inside every Apple Retail Store, the purpose of which is to offer help and support for Apple products. Ron Johnson, the Senior Vice President for Retail, has often referred to the Genius Bar as the "heart and soul of our stores". Employees are...
. Ron joined Apple in January 2000. He previously worked as vice president of merchandising for Target
Target Corporation
Target Corporation, doing business as Target, is an American retailing company headquartered in Minneapolis, Minnesota. It is the second-largest discount retailer in the United States, behind Walmart. The company is ranked at number 33 on the Fortune 500 and is a component of the Standard & Poor's...
.
Under Johnson's direction, Apple's retail stores achieved a record level of growth, exceeding a billion dollars in annual sales within two years of their debut, besting the previous record set by The Gap
Gap (clothing retailer)
The Gap, Inc. is an American clothing and accessories retailer based in San Francisco, California, and founded in 1969 by Donald G. Fisher and Doris F. Fisher. The company has five primary brands: the namesake Gap banner, Banana Republic, Old Navy, Piperlime and Athleta. As of September 2008,...
. Apple today operates over 300 stores, including outlets in Australia, Canada, China, France, Germany, Italy, Switzerland, The United Kingdom, The United States, Shanghai, Hong Kong and Japan. Apple is expanding their retail presence aggressively, and is expected to open a store in Berlin and Barcelona in the near future.
Johnson received his M.B.A. from Harvard and his Bachelor of Arts in Economics from Stanford University.
On October 31, 2007 Johnson exercised 700,000 stock options in Apple stock with a strike price of $23.72, and then sold the stock later that day for $185 to $185.21 apiece netting him a USD $112m profit. It has been reported that Johnson has earned $400 million during his seven and a half years at Apple.
External links
- Apple's Retail Store webpage
- Apple Senior VP Exercises Options
- Profile at ForbesForbesForbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...