Hoosier Angela Ahrendts Taking Helm of Venerable Fashion Firm Burberry

Indiana woman makes good in London as head of Burberry:

(New Palestine native Angela) Ahrendts, 45, will leave for London next week to begin her stint as CEO of the luxury label company Burberry Group PLC. She will rely on the savvy and aggressive retail style that carried her to the top of the industry's most successful companies, including president of Donna Karan and, most recently, executive vice president of Liz Claiborne.

Ahrendts' salary package at Burberry is worth as much as $27.4 million over three years, including $8 million in cash and restricted stock not linked to her performance.

(Source: Indianapolis Star)