Jennifer Bailey, the executive who has led its Pay and Wallet services since 2014, is retiring and leaving Apple in October in a “major loss” for the company, reports Bloomberg‘s Mark Gurman (a subscription is required to read the article).
He says that in an employee memo announcing her departure, Apple’s Senior Vice President of Services and Health, Eddy Cue, said she’ll still be available in an advisory role.
From his note: After more than 25 years at Apple, Jennifer Bailey has decided to retire in October. During her tenure, Jennifer has made extraordinary contributions from leading the Apple Store Online through a period of significant growth and global expansion to overseeing the launch of Apple Pay.
Under Jennifer’s leadership, Apple Pay has changed the way hundreds of millions of our users pay, with a simpler, more secure, and private experience. She also led the development and growth of Apple Wallet, oversaw the development and launch of Apple Card, and led our work in Services fraud prevention and partner operations, Gift Cards, and Trust and Safety. And those are just a few of her achievements.
On a personal note, Jennifer has been an incredible friend and leader, and I will miss working with her.
Please join me in thanking Jennifer for her incredible contributions to Apple. Before Jennifer’s transition at the end of October, we will announce our succession plan, and Jennifer will continue to be available to support the transition in an advisory role.
As we continue to work toward our vision of replacing the physical wallet, I’m more confident than ever in the work that we are all doing and look forward to an exciting future ahead.
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Article provided with permission from AppleWorld.Today
