APPLE STOCK

Apple hires Facebook executive to lead systems information team


Apple’s head of information systems Mary Demby is reportedly leaving the company as she will retire after working for three decades. While it was unclear who would replace her, Apple has now hired a former Facebook executive to lead its information systems team.

The news comes from Bloomberg’s Mark Gurman, who reported on Wednesday that Timothy Campos will now lead Apple’s information systems and technology (also known as IS&T) department. This team is responsible for Apple’s online services infrastructure, customer support, and website. Internally, the company refers to this operation as the “nerve center” because of its importance.

Prior to joining Apple, Campos held a similar position at Facebook between 2010 and 2016. He also worked with IS&T at KLA Corp., a semiconductor company. Most recently, he cofounded a calendar platform “Woven,” which was later acquired by Slack and then Salesforce.

As noted by the report, Campos recently said on LinkedIn that he’s “getting ready for something new,” although he didn’t mention Apple explicitly. The hiring comes as Apple is losing some of its key executives. For example, Apple’s current head of industrial design Evans Hankey will leave the company in 2023.

Apple halts hiring

At the same time, Apple is also expected to halt most hiring outside of research and development and other key areas for the company. The sectors most affected are hardware and software engineering, as well as some corporate functions. The company said in a statement that it will continue hiring, but at a slower pace.

Although the company’s numbers were down in 2022, they’re still better than those of most tech companies.

Apple shares were little changed in late trading Wednesday. Its stock is down 24% in 2022, although that’s a better performance than many of its tech peers have managed. The Nasdaq Composite Index is down 34%, and companies like Meta and Twitter Inc. have been laying off thousands of workers in the face of a sales slowdown.

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Naveen Kumar

Friendly communicator. Music maven. Explorer. Pop culture trailblazer. Social media practitioner.

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