Navigating Trump-Era Policy Challenges<\/p>\n
The change comes as Apple faces new challenges in managing its relationship with the White House, particularly around tariffs on products made overseas, the Bloomberg report stated.<\/p>\n
Tim Cook has taken an increasingly hands-on role in managing Apple\u2019s relationship with the White House in recent years. Gatten is expected to work closely with Cook in his new role.<\/p>\n
People familiar with Apple\u2019s thinking told Bloomberg that the company wanted someone who could align with the Trump administration. Gatten\u2019s experience in real estate could also help Apple as it expands its retail chain and other operations.<\/p>\n
Apple\u2019s Government Affairs Shift<\/p>\n
Gatten will report to Apple Senior Vice President and General Counsel Jennifer Newstead and will oversee the company\u2019s entire government affairs operation globally.<\/p>\n
Gatten has led government affairs at American Airlines since 2017. Before that, he led global government relations and policy teams at JPMorgan Chase. At Fannie Mae, he oversaw a team that worked with Republican members of Congress.<\/p>\n
Apple\u2019s current head of government affairs, Nick Ammann, will move down one level and report to Gatten. Tim Powderly, Matt Brown and Mike Orgill will also report to Gatten.<\/p>\n
Cook To Stay Involved With Government Relations<\/p>\n
Cook will continue working with governments, including the Trump administration, even as he prepares to hand the CEO reins to hardware chief John Ternus on September 1.<\/p>\n
Cook will become executive chairman, while Ternus takes over as CEO.<\/p>\n
The government affairs transition comes as Apple undergoes a broader changing of the guard among its senior executives. This week, the company told employees that its longtime head of Apple Pay and Wallet services, Jennifer Bailey, is retiring<\/a>.<\/p>\n AAPL Stock: Stocktwits Retail Sentiment<\/p>\n On Stocktwits, the retail sentiment for AAPL was \u2018bullish,\u2019 unchanged in the past 24 hours, while message volume was \u2018low\u2019 at the time of writing.<\/p>\n AAPL stock<\/a> has gained nearly 11% year-to-date and over 32% in the past year.<\/p>\n Also See: SPCX Stock Climbs Past $140 As August Rebound Continues \u2013 Morgan Stanley Says Investors Are Undervaluing SpaceX\u2019s AI Business<\/a><\/p>\n For updates and corrections, email newsroom[at]stocktwits[dot]com.<\/p>\n
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