Ron Johnson

Ron Johnson (born c. 1959) 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, but left to join J. C. Penney in November 2011. He previously worked as vice president of merchandising for Target and worked at Mervyns.

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, United Kingdom, United States, Shanghai, Hong Kong and Japan.^[1] Apple is expanding their retail presence aggressively, and is expected to open a store in Berlin and Barcelona in the near future.

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 earned $400 million during his seven and a half years at Apple.^[2]

Personal life

Johnson grew up in Edina, Minnesota, the son of an executive at General Mills and a homemaker. He was captain of his high school soccer team and of its baseball team. Johnson received his Master of Business Administration from Harvard Business School and his Bachelor of Arts in Economics from Stanford University.^[3]

References

External links

• Apple's Retail Store webpage
• Apple Senior VP Exercises Options
• Profile at Forbes

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