Apple Hires Facebook Veteran as Information Chief; More Departures Likely

Apple Inc AAPL has hired a startup founder and former Meta Platforms Inc META Facebook executive to run its information systems group after departures in that department, Bloomberg reported.
Timothy Campos will lead the Information Systems and Technology department, which handles the infrastructure behind Apple's online services, customer support, and website.
Apple refers to the operation as its "nerve center" because it lets employees, suppliers, and customers stay connected.
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Mary Demby, the current information chief, will retire after 2022.
Her deputy, vice president of software engineering David Smoley, will retire after a three-year stint.
Campos held the chief information officer role at Facebook from 2010 to 2016. Most recently, he co-founded Woven, a popular calendar app Slack Technologies Inc acquired in 2021, which Salesforce, Inc CRM later purchased.
Apple's chief privacy officer, vice president of industrial design, and head of the company's online retail store will also depart.
Apple also parted ways with its vice president of procurement following his appearance in a crass TikTok video.
Price Action: DIS shares traded higher by 3.92% at $140.17 in the premarket on the last check Thursday.