1 day ago
Tim Cook Bids Farewell as John Ternus Takes Apple Helm
Tim Cook worked at Apple for nearly 30 years.
He became the company’s CEO in 2011.
On Monday, he said goodbye to Apple employees and thanked them for their work.
He also remembered Apple founder Steve Jobs.
John Ternus will become Apple’s new CEO on September 1.
Ternus has worked at Apple since 2001 and led its hardware engineering team.
Cook will stay involved as Apple’s executive chairman.
Apple is preparing for a major iPhone event while facing challenges involving computer chips, artificial intelligence, and politics.
Tim Cook ended nearly three decades at Apple and handed leadership to John Ternus.
Cook led Apple as chief executive officer from 2011 and will become executive chairman.
In his farewell memo, Cook praised Apple employees and paid tribute to Steve Jobs.
Ternus, an Apple employee since 2001, becomes CEO on September 1.
The transition comes before Apple’s September 9 iPhone event and amid supply-chain, artificial-intelligence, and political challenges.
- Who
- Tim Cook and incoming CEO John Ternus, with Steve Jobs also referenced.
- What
- Cook stepped down as Apple’s CEO and passed leadership to Ternus.
- Where
- At Apple, which has about 166,000 employees worldwide.
- When
- Cook’s final day was Monday; Ternus takes over on September 1, before Apple’s September 9 iPhone event.
- Why
- Cook completed his tenure as CEO; the leadership change occurs as Apple faces supply-chain, artificial-intelligence, and political challenges.
Key facts
- Tim Cook’s Apple tenure
- Nearly three decades
- Cook as CEO
- Since 2011
- New CEO
- John Ternus, effective September 1
- Cook’s new role
- Executive chairman
- Apple employees
- About 166,000 worldwide
- Apple market value
- More than $4.5 trillion on Monday
- Upcoming event
- Annual iPhone event scheduled for September 9
Quotes
Tim Cook
Apple’s departing chief executive
“Whatever there is to say about my success, I know it is all because of you. I have never seen or been with such an extraordinary team of people before, and every day I get to see more examples of that.”
NDTV
deccanchronicle.com
“We have made it possible to leave our 'dent in the universe,' as Steve once described it.”
NDTV
deccanchronicle.com
Sources
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