Phil Schiller, one of Apple's most recognizable executives for over three decades, has stepped down from leading the App Store and the company's product launch events, according to reports from Bloomberg, citing people familiar with the matter.

Schiller will remain at Apple as an “Apple Fellow,” and he informed colleagues he would work on unnamed projects. Some within Apple view the move as a significant step toward his eventual retirement, the reports added.

Schiller, 66, is known for helping introduce many of Apple's biggest products, including the iPhone, iPad, iPod, and numerous Mac models. Alongside Steve Jobs, he also helped create the App Store. After stepping down as senior vice president of worldwide marketing in 2020, Schiller continued to oversee the App Store and Apple events, becoming the main decision-maker on controversial app approvals and developer relations. He also led policy changes in response to lawsuits and regulations, including the long-running legal dispute with Epic Games.

The change comes just before John Ternus takes over as chief executive officer on September 1, succeeding Tim Cook, who will become executive chairman. Cook led Apple for 15 years.

Several other veteran leaders are also departing or stepping down, including operations chief Jeff Williams, former hardware head Dan Riccio, finance chief Luca Maestri, and environment chief Lisa Jackson.

Phil Schiller's responsibilities will be split: Carson Oliver will manage the App Store, reporting to Eddy Cue, who ran the App Store until 2015. Nola Weinstein will oversee Apple's product events, reporting to Kristin Huguet, vice president of communications.

Schiller's career at Apple spans two stints: from 1987 to 1993, and from 1997 to the present. During that time, he became one of the most visible executives at Apple, working closely with both Steve Jobs and Tim Cook.