Tim Cook to step down as Apple CEO, John Ternus to take over later this year
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Tim Cook to step down as Apple CEO, John Ternus to take over later this year
"It has been the greatest privilege of my life to be the CEO of Apple and to have been trusted to lead such an extraordinary company. I love Apple with all of my being, and I am so grateful to have had the opportunity to work with a team of such ingenious, innovative, creative, and deeply caring individuals."
"Under Cook's leadership, Apple's market capitalization grew from about $350 billion to $4 trillion, while yearly revenue increased from $108 billion in fiscal year 2011 to $416 billion in fiscal year 2025."
"John Ternus was instrumental in introducing multiple new product lines, including iPad and AirPods, as well as many generations of products across iPhone, Mac, and Apple Watch."
Tim Cook will resign as CEO of Apple, effective September 1, 2026, transitioning to Executive Chairman. John Ternus, Senior VP of Hardware Engineering, will succeed him. Cook joined Apple in 1998 and became CEO in 2011, significantly increasing the company's market capitalization and revenue. Under his leadership, Apple Services surpassed $100 billion, and the company expanded globally. Ternus has been with Apple since 2001 and played a key role in launching major products. Cook expressed gratitude for his time at Apple and the opportunity to lead.
Read at GSMArena.com
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