Jennifer Bailey, head of Apple’s payments and Wallet services, said she will retire and leave the company in October. The exit adds to a wave of senior executive departures at Apple — including Kate Adams and Lisa Jackson — and accelerates management turnover. Apple is also scheduled for a CEO transition on Sept. 1, when Tim Cook will step down and hardware chief John Ternus will succeed him.

2026-08-12

Jennifer Bailey, head of Apple’s payments and Wallet services, said she will retire and leave the company in October. The exit adds to a wave of senior executive departures at Apple — including Kate Adams and Lisa Jackson — and accelerates management turnover. Apple is also scheduled for a CEO transition on Sept. 1, when Tim Cook will step down and hardware chief John Ternus will succeed him.