1 day ago
Tim Cook Steps Down as Apple CEO, Praises Successor
Tim Cook has finished his time as Apple’s CEO.
He wrote a goodbye message thanking Apple’s employees.
Cook said the company’s teamwork and culture were more important than any one leader.
John Ternus will become Apple’s next CEO on September 1.
Ternus has worked at Apple since 2001 and has led hardware engineering.
Cook will stay at Apple as executive chairman.
In that role, he is expected to work on relationships with governments and policymakers.
Cook said he feels confident and excited about Ternus leading the company.
Tim Cook completed his final day as Apple’s chief executive after a 15-year run.
Cook thanked Apple employees and credited the company’s culture for its success.
John Ternus will become Apple CEO effective September 1.
Cook is not leaving Apple and will become executive chairman.
Cook said he takes “enormous comfort” in handing leadership to Ternus, whom he praised as capable of building world-changing products.
- Who
- Tim Cook, John Ternus, and Apple employees.
- What
- Cook is stepping down as Apple CEO, with Ternus succeeding him.
- Where
- Apple, including Apple Park, where Cook said he would continue seeing employees.
- When
- Cook’s final day as CEO; Ternus becomes CEO effective September 1. Cook’s tenure began in August 2011.
- Why
- Apple is carrying out a board-approved succession plan, with Cook moving to executive chairman and Ternus taking charge of day-to-day leadership and product strategy.
Key facts
- Outgoing CEO
- Tim Cook
- Incoming CEO
- John Ternus, effective September 1
- Cook’s next role
- Executive chairman of Apple
- Cook’s tenure
- Began in August 2011 and lasted 15 years
- Farewell message
- Cook thanked employees and praised Apple’s culture and shared purpose
- Ternus at Apple
- Joined in 2001 and later led hardware engineering
- Succession approval
- Apple’s board unanimously approved Ternus after a long-term succession process
- Company challenge mentioned
- Apple faces questions about whether it can move quickly enough in artificial intelligence
Quotes
Tim Cook
Apple’s outgoing chief executive officer
“As you know, I am not leaving Apple. But I am stepping away from a role that I have loved deeply. I will miss this work in ways I can only begin to imagine, even as I remain completely at peace with my decision.”
freepressjournal.in
“We share a belief that what we build matters and that we have both the opportunity and the responsibility to leave the world better than we found it.”
freepressjournal.in
Sources
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