Music producer Jimmy Iovine poses at LACMA's 50th anniversary gala in Los Angeles, California, April 18, 2015.
The music industry icon joined Apple in mid-2014 after the tech titan purchased Beats Electronics for $3 billion.
Under his leadership, which included a strong push into original programming, Apple Music has surged to 30 million paid subscribers. In 2012, they bought struggling music streaming service MOG and expanded that into subscription-based Beats Music before selling the entire company to Cupertino, California, -based Apple.
The acquisition of Beats is still the largest in the company's long and storied history. That's far behind first-place service Spotify, which just announced 70 million subscribers. Though he never had an official title with the company, he no doubt offered his major label expertise to Apple Music executives, who have partnered in several exclusive deals with artists like Drake and Chance The Rapper. Iovine worked with Bruce Springsteen, John Lennon, U2, Eminem and Tupac during his career in the record business.