(Bloomberg/Mark Gurman) — Apple Inc. chip chief Johny Srouji, whose potential departure risked worsening a bout of executive turnover, told staff on Monday that he’ll stay at the iPhone maker for now.

“I know you’ve been reading all kind of rumors and speculations about my future at Apple, and I feel that you need to hear from me directly,” he said in a memo to his division. “I love my team, and I love my job at Apple, and I don’t plan on leaving anytime soon.”

Bloomberg News reported over the weekend that Srouji had discussed leaving the company, indicating that he might work for a different technology firm.

Srouji, who serves as senior vice president of hardware technologies, had told Chief Executive Officer Tim Cook that he was seriously considering a departure in the near future, according to people with knowledge of the matter.

Cook, contending with a wider shake-up in his executive ranks, had been working aggressively to retain Srouji, the people said. The campaign included offering a substantial pay package and the potential of more responsibility down the road, they added.

Srouji oversaw Apple’s pivot to in-house silicon chips and is well-respected in the industry. In the memo Monday, Srouji said he was proud of the technologies that Apple is building, including displays, cameras, sensors, chips and batteries.

“Together we enable the best products in the world,” he said.

(Updates with more background starting in fourth paragraph.)

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