Tim Cook is stepping down from the post of CEO of Apple after 15 years. As of September 1, the new CEO will be John Ternes, who is currently Head of Hardware Engineering. Cook will remain the executive chairman of the company.
California: A big era is coming to an end at American tech giant Apple. After leading the company for nearly 15 years, Tim Cook is leaving the post of CEO. In his place, John Ternus will be the new CEO of Apple from September 1. Ternes currently heads the hardware engineering department at the company. However, even after leaving the post of CEO, Tim Cook will remain in Apple and will play the role of Executive Chairman.
Tim Cook took command after Steve Jobs
After Apple founder Steve Jobs, Tim Cook was leading the company since 2011. During his 15-year tenure, the company’s market value increased 20 times to $4 trillion. Many new and big technology projects like Apple Intelligence started during the era of Tim Cook.
Confirming his departure, Tim Cook said, “Becoming CEO of Apple has been the greatest honor of my life.” At the same time, Arthur Levinson, who is stepping down from the post of chairman of the board, said in a statement, “Tim Cook’s excellent leadership has made Apple the best company in the world. His honesty and principles are reflected in everything Apple does.”
Tim Cook joined Apple in 1998. Initially, he used to handle the supply chain of the company as Chief Operating Officer (COO) and this is how he got recognition. When Steve Jobs stepped down due to health reasons, Tim Cook was made the CEO of the company in 2011.
Now the command of Apple is in the hands of John Ternes
John Ternes joined Apple in 2001 as a member of the product design team. Till now he was working as Senior Vice President of Hardware Engineering Department. On his new role, Ternes said in a statement, “I am grateful for this opportunity. I have spent my entire career at Apple and I consider myself fortunate to have had the opportunity to work under Steve Jobs and have Tim Cook as a mentor.”