Airbnb has made yet one more addition to its board of administrators because it inches towards an preliminary public providing, anticipated within the subsequent 12 months.
Angela Ahrendts, the previous senior vice chairman of retail at Apple, joins as its third impartial non-affiliated board member. Ahrendts joined Apple in 2014 after serving as CEO of the British style home Burberry for eight years. Apple earlier this 12 months introduced Ahrendts would step down in April to get replaced by the corporate’s HR head, Deirdre O’Brien.
Airbnb in August tapped Ann Mather, the previous Disney and Pixar government, to hitch its board. Mather represented the primary feminine addition to its all-male board. In January 2018, the home-sharing large added Ken Chenault, the previous chief government officer of American Specific, to its board.
Airbnb’s long-term ambitions embrace constructing an end-to-end journey platform, full with dwelling sharing, lodge reserving, enterprise journey preparations, experiences and extra. Ahrendts’ expertise at each Burberry and Apple, the place she helped lead the companies in intervals of world progress, will come in useful as Airbnb begins making its massive pitch to potential shareholders.
Airbnb was valued at $31 billion in 2017, with a $1 billion spherical. In January, Airbnb mentioned it was worthwhile for the second consecutive 12 months on an EBITDA (earnings earlier than curiosity, taxes, depreciation and amortization) foundation.