Apple Faces Major Leadership Reshuffle As iPhone Design Chief Exits: Report
Portfolio Pulse from Nabaparna Bhattacharya
Apple Inc. is undergoing a leadership reshuffle with the departure of Tang Tan, the vice president of product design, who was instrumental in the design of the iPhone and Apple Watch. Tan's responsibilities are being redistributed within the hardware engineering team, with deputies like Richard Dinh and Kate Bergeron taking on expanded roles. Matthew Costello will take over Tan's duties related to accessories and the acoustics team. This change occurs as Apple continues to face a competitive tech landscape and prepares for future challenges. AAPL shares saw a slight increase on Friday and after hours.

December 09, 2023 | 8:38 pm
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Apple's VP of product design, Tang Tan, is leaving, leading to a reshuffle in the hardware engineering team. This could impact Apple's product development and design continuity.
While leadership changes can affect company operations, Apple's structure allows for a smooth transition with deputies taking on expanded roles. The market's reaction was minimal, indicating that investors may not see this as a significant disruptor in the short term.
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