Apple has welcomed it new retail executive Angela Ahrendts with a stock grant worth up to $68m (£40m).
Ahrendts left her role in Britain as chief executive of luxury brand Burberry to take up the US-based job with Apple.
The move comes as Apple’s share price has soared, hitting $600 for the first time since October 2012.
Her predecessor, John Browett, who joined Apple from British electronics retailer Dixons was also awarded huge stock grants, worth up to $55m upon his appointment.
She will receive 85% of the value of the stock over a period of four years, regardless of performance, as long as she stays at the company.