Phil Schiller stepped away from leading Apple's App Store and product events after spending decades with the company.

Apple's Phil Schiller is no longer going to run the App Store or oversee product events, reports Bloomberg. Schiller isn't leaving Apple, but he is narrowing his responsibilities and working on unspecified projects.

Longtime Apple executive Phil Schiller is stepping down from his role as the head of the App Store and Apple events, according to a report from Bloomberg. Following the change, Schiller will keep his Apple Fellow title and continue “working on unspecified initiatives,” Bloomberg reports.

John Ternus takes over as Apple CEO as Phil Schiller steps back and AAPL stock dips on the leadership transition.

Steve Jobs’ early fight to ban native apps shaped the iPhone ecosystem and created the platform monopoly facing antitrust scrutiny today