Jimmy Iovine to move into consulting role at Apple


The Verge:

Beats co-founder Jimmy Iovine is expected to leave his role at Apple in August, and now The Wall Street Journal reports that he’ll transition into a "consulting role" after that, dropping the daily responsibilities of overseeing the company’s streaming music service. Iovine initially denied that he would be leaving the company in August.

Iovine joined Apple in 2014 when it acquired Beats. Reportedly, he has vested compensation coming due in August. That could be fueling speculation of a change or simply the logical timeline of a mutual commitment.