"I am committed to doing whatever Eddy [Cue], Tim [Cook] and Apple need me to do, to help wherever and however I can, to take this all the way," Iovine told the publication in an interview.
Last week, Billboard magazine reported that Iovine would leave Apple Music in August. The report also stated that his departure is likely timed to his Apple shares fully vesting.
"All this stuff you're seeing in the newspapers, let me tell you, my stock vested a long time ago," Iovine told Variety.
Iovine, best known as the co-founder of Interscope Records, joined Apple in 2014 after the company bought Beats Electronics, a company that he co-founded with hip-hop artist and producer Dr Dre for $3 billion (roughly Rs. 19,000 crores).
Apple did not immediately respond to a request for comment.
© Thomson Reuters 2018