The executive who spearheaded Apple Pay, Jennifer Bailey, is retiring after 12 years as Vice President of Internet Services and Apple Pay.
Under Bailey's leadership, Apple launched Apple Wallet, Apple Pay, and Apple Card. She also supervises Tap to Pay on iPhone, Apple Gift Cards, and Apple Cash internationally.
She joined the company in 2003 as Vice President of Worldwide Online Stores in 2003, and was promoted in 2014.
Bailey presently serves on the board of directors at PepsiCo. She was on the American Red Cross board from 2015 through 2024.
The departure was reported by Bloomberg on Tuesday afternoon. The venue cites a note to all employees penned by Eddy Cue.
The note in its entirety is below.
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.
Thank you,
Eddy
Also on the way out is Senior Director of Corporate Communications Josh Rosenstock. Rosenstock was hired away from Rolls-Royce in 2013, and has been in the role ever since.
I haven't spoken directly with Rosenstock in years, most notably during and after the Apple vs. Samsung trial. However, for over a decade, his emails to me and us were always a portent of something big.
Rosenstock's departure is routine. He is retiring as well.
