Apple names European exec to head retail ops

[January 31, 2012]  CUPERTINO, Calif. (AP) -- Apple Inc. is naming former Dixons Retail CEO John Browett as its top retail executive, charged with developing the retail strategy for the iPhone and iPad maker as it expands Apple stores around the world.

Browett will take on his new job as senior vice president of retail in April, and will report directly to Apple CEO Tim Cook.

Dixons Retail is a major European electronics retailer.

Apple's stock rose $2.99 to $456 in premarket trading Tuesday.

Apple is based in Cupertino, Calif.

[Associated Press]

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