John Browett Starts as Apple’s New Retail SVP

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John BrowettJohn Browett, Apple’s SVP of Retail

John Browett, discovered in January to be Apple’s new Senior Vice President of Retail, has officially started work with the company, as revealed by SEC filings published on Wednesday (via ifoAppleStore). With a declared start date of Friday, April 20, Mr. Browett appears to have also netted himself a nice signing bonus in the form of 100,000 Apple shares. 

Mr. Browett joins Apple from European tech retailer Dixons, where he served as CEO since 2007. He fills the role at Apple that was vacated when former Apple Retail SVP Ron Johnson left the company to take over as CEO at U.S. department chain J.C. Penney. 

The stock that Mr. Browett received are in the form of restricted stock units, vesting in small increments over time as an incentive to keep him at the company. 5,000 shares will vest October 20, 2012, 15,000 shares on the first anniversary of the grant, April 20, 2013, and 20,000 shares on each anniversary after that, which will be April 20 of 2014, 2015, 2016, and 2017.

At Apple’s current share price, up today nearly 50 points, Mr. Browett’s stock grant is worth nearly US$61 million. 

Mr. Browett does not yet grace Apple’s Executive Profiles page, but we expect him to arrive there shortly.

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