"Cook's tenure saw Apple's market value soar by more than $3.6 trillion during an iPhone-fueled era of prosperity, transforming the company from near bankruptcy in the mid-1990s."
"Cook stated that being Apple's CEO has been the 'greatest privilege' of his life, emphasizing his belief in Ternus as a 'visionary' leader for the company's future."
Tim Cook is resigning as CEO of Apple, a position he has held since 2011, and will become executive chairman. John Ternus, head of hardware engineering, will take over as CEO on September 1. Under Cook's leadership, Apple's market value increased by over $3.6 trillion, largely due to the success of the iPhone. The board of directors unanimously approved this transition, which follows a long-term succession planning process. Cook expressed gratitude for his role and confidence in Ternus's leadership abilities.
Read at www.cbc.ca
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