John Janick to succeed Jimmy Iovine as Chairman, CEO of Interscope Records.
Right as Apple confirmed the official purchase of Beats By Dre on Wednesday, Interscope's Jimmy Iovine announced that he would be stepping down from the label. Iovine has served as Chairman and CEO of Interscope for the past 25 years, and will leave his duties behind to 36 year old John Janick.