Long Time Apple Executive is Parting with the Company

02:43 07/01/2019

Though shares were little changed over the news, Apple AAPL  had a sad development last Thursday.

Wall Street learned that the iPhone maker's chief design officer, Jony Ive, is leaving the company.

Ive is known for being responsible for the industrial design of Apple's iPhone and Mac. He is regarded as one of the most important people to have worked with the company and has been with Apple for over twenty years.

According to a Financial Times report, the executive is leaving Apple to start his own design business called LoveFrom. Apple will become a client of the company.

“While I will not be an employee, I will still be very involved — I hope for many, many years to come. This just seems like a natural and gentle time to make this change,” Ive said to the Financial Times.

'Jony is a singular figure in the design world and his role in Apple’s revival cannot be overstated, from 1998′s groundbreaking iMac to the iPhone and the unprecedented ambition of Apple Park, where recently he has been putting so much of his energy and care,” remarked Apple CEO Tim Cook.

There is no immediate successor to take Ive's place but Evans Hankey, vice president of Industrial Design, and Alan Dye, vice president of Human Interface Design, will assume additional design responsibilities.

Apple opened its new headquarters, Apple Park last May and Ive's took part in the construction.

“There were some significant projects that I feel like I’ve completed. For example Apple Park — this was a project that started in 2004 . . . A couple of weeks ago we had our official opening of the Park. That was a really significant project, that was unlike many of our others, because it was for us,” Ive told the Financial Times.


This article has been provided by a Chasing Markets contributor. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment purpose only. All opinions expressed are those of the writer, and may not necessarily represent fact, opinions, or bias of Chasing Markets.
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