He was the design force behind Apple Inc.’s renaissance from the iMac up through the iPad, and now he’s leaving the company after 27 years.
Apple AAPL, -0.03% shares ticked lower in the extended session Thursday after the tech giant said legendary designer Jony Ive was leaving the company.
The company said Ive will leave “later this year to form an independent design company which will count Apple among its primary clients.”
Ive, who joined Apple in 1992 and has led its design team since 1996, has been credited as being the force behind Apple’s designs over the past few decades.
“Jony is a singular figure in the design world and his role in Apple’s revival cannot be overstated, from 1998’s groundbreaking iMac to the iPhone and the unprecedented ambition of Apple Park, where recently he has been putting so much of his energy and care,” said Apple Chief Executive Tim Cook in a statement.
“Apple will continue to benefit from Jony’s talents by working directly with him on exclusive projects, and through the ongoing work of the brilliant and passionate design team he has built. After so many years working closely together, I’m happy that our relationship continues to evolve and I look forward to working with Jony long into the future,” Cook said.
In an interview with the Financial Times, Ive said the name of his new company will be “LoveFrom.”
“While I will not be an employee [at Apple], I will still be very involved — I hope for many, many years to come,” Ive told the FT. “This just seems like a natural and gentle time to make this change.”
Apple shares declined 1% after hours, following a less than 0.1% decline to finish the regular session at $199.74. In comparison, the Dow Jones Industrial Average DJIA, -0.04% finished down less than 0.1%, the S&P 500 index SPX, +0.38% rose 0.4%, and the tech-heavy Nasdaq Composite Index COMP, +0.73% climbed 0.7%.