Dive Brief:
- Apple named Timothy Campos, a technology veteran and former CIO at Facebook, its new CIO, according to a Bloomberg report Thursday. Apple did not immediately respond to a request for comment.
- Campos most recently served as CEO at software company Woven, which Slack bought in 2021. The executive will replace executive Mary Demby, who will retire after 30 years at Apple.
- In his new role, Campos will lead the Information Systems and Technology department, or IS&T, Bloomberg reported. The unit runs the infrastructure backing Apple’s online services, customer support and website.
Dive Insight:
Campos appointment as technology leader comes at a time of readjustment for big tech. With concerns over long-term economic stability, firms the size of Amazon, Facebook and Apple are reportedly pausing hiring plans and cutting staff and costs.
Apple is largely unscathed despite negativity in economic forecasts, beating analyst's revenue expectation in its fourth-quarter earnings report. The company posted revenue of $90.1 billion for the period ending Sept. 30, up 8% from $83.4 billion year-over-year.
The earnings results were "better than we anticipated despite stronger-than-expected foreign currency headwinds," said CFO Luca Maestri during the earnings call, according to a SeekingAlpha transcript. "We set an all-time revenue record for Mac and September quarter records for iPhone and wearables, home, and accessories."
It’s unclear what projects Campos will spearhead as he leads the company's enterprise technology teams. But broader CIO trends suggest companies are placing executives closer to business and operations than pure technology leadership.
