Apple CEO Tim Cook is stepping down, John Ternus set to replace him
Apple CEO Tim Cook has announced his decision to step down, with John Ternus set to take over as the new head of the tech giant. This transition is scheduled to take place on September 1, with Cook assuming the role of executive chairman of Apple’s board of directors.
In a statement released on Monday, Cook expressed his gratitude for the opportunity to lead Apple, calling it the greatest privilege of his life. He praised Ternus as a visionary with the mind of an engineer, the soul of an innovator, and the heart to lead with integrity and honor. Ternus, who has been with Apple since 2001, currently serves as the senior vice president of hardware engineering and has played a key role in the development of products like the iPad, AirPods, and Apple Watch.
Under Cook’s leadership as CEO since 2011, Apple has experienced significant growth, with its market capitalization soaring from around $350 billion to an impressive $4 trillion. Cook reflected on his time at Apple, noting the ups and downs but expressing his deep love for the work and the talented people he has had the privilege to work with.
Ternus, who has worked closely with both Steve Jobs and Cook, expressed his excitement about the future of Apple and the opportunity to continue the company’s mission. He highlighted the talented individuals at Apple who are dedicated to achieving something greater than themselves.
In a recent interview with “Good Morning America,” Cook discussed Apple’s 50th anniversary and the company’s contributions to innovation across various industries. He emphasized the importance of reinventing products like the smartphone and the Apple Watch, as well as bringing creative arts and music to the forefront.
Despite speculation about his departure, Cook reiterated his love for his work at Apple, stating that he couldn’t imagine life without the company. As he prepares to transition to a new role within Apple, Cook leaves behind a legacy of innovation and growth that has solidified Apple’s position as a leader in the tech industry.
