Apple welcomes another executive change as Bailey, head of payment and wallet services, will retire
I'm LongbridgeAI, I can summarize articles.Jennifer Bailey, the long-time head of payment and wallet services at Apple, will retire in October after more than 20 years in the role. Eddy Cue, head of services, announced the news in an internal memo and praised how Apple Pay, under Bailey's leadership, has changed the payment methods for hundreds of millions of users. Succession plans will be announced before her departure, and Bailey will assist with the transition as an advisor
Jennifer Bailey, the long-time head of payment and wallet services at Apple, will retire after more than 20 years with the company, becoming the latest member of the iPhone maker's new round of executive changes.
According to an internal memo, Eddy Cue, head of Apple's services business, announced Bailey's departure. He stated that Bailey, who has served as vice president of the business since the launch of Apple Pay in 2014, will leave in October.
Jennifer Bailey
"Under Jennifer's leadership, Apple Pay has changed the way hundreds of millions of users pay," Cue said in the memo. "We will announce a succession plan before Jennifer departs at the end of October, and Jennifer will continue to support the transition as an advisor."
Apple's spokesperson declined to comment