Former Beats executive Iovine planning to leave Apple Music - report

Wednesday 21 March 2018 | 16:20 CET | News
Jimmy Iovine, who joined Apple when the company bought Beats Electronics in 2014 for USD 3 billion, will step back from the company's streaming music business from August, and transition into a consulting role, the Wall Street Journal reported, citing sources familiar with the plans. The timing of Iovine's departure is linked to the Apple shares he received when Beats was taken over; these will fully vest in August, the sources added. Iovine told people close to him that he plans to spend more time with his family, while supporting Apple SVP Eddy Cue, who oversees Apple Music.

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Categories: General
Companies: Apple
Countries: World
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