Apple's John Ternus shares insight into the new iPhone Apple’s long-reigning CEO, Tim Cook, has confirmed he will be stepping down in the autumn, having led the technology giant for 15 years.Cook took the top job back in 2011 after co-founder Steve Jobs resigned due to his ongoing health issues.“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,” Cook said in a statement.
Read more: Everyone with a Microsoft account put on red alert as worrying trend confirmed Read more: AirPods Max 2 review: Apple's new wireless headphones sound like a hit Tech news, reviews and latest gadgets plus selected offers and competitions Subscribe Invalid emailWe use your sign-up to provide content in ways you've consented to and to improve our understanding of you.This may include adverts from us and 3rd parties based on our understanding.You can unsubscribe at any time.
Read our Privacy PolicyDuring his tenure, the firm has grown to become one of the most valuable on the planet and is now worth some $4 trillion.Article continues below ADVERTISEMENT“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 people who have been unwavering in their dedication to enriching the lives of our customers and creating the best products and services in the world,” Cook added.The change in leadership hasn’t come as a surprise, with rumours starting last year that a shake-up was coming.It was also suggested that Apple’s John Ternus might be the man to replace Cook and lead the company into the future, and that’s exactly what has happened.Article continues below ADVERTISEMENTThe current senior vice president of Hardware Engineering will start his new role as CEO in September.
Article continues below ADVERTISEMENT“John Ternus has the mind of an engineer, the soul of an innovator, and the heart to lead with integrity and with honor,” Cook said about his successor.“He is a visionary whose contributions to Apple over 25 years are already too numerous to count, and he is without question the right person to lead Apple into the future.I could not be more confident in his abilities and his character, and I look forward to working closely with him on this transition and in my new role as executive chairman.”Tim Cook isn’t leaving the business; he will now become executive chairman of Apple’s board of directors.Cook will also continue in his role as CEO through the summer as he works closely with Ternus on a smooth transition.As executive chairman, Cook will assist with certain aspects of the company, including engaging with policymakers around the world.Ternus, who has worked for Apple for over 25 years, said about his new role: “I am profoundly grateful for this opportunity to carry Apple’s mission forward.“Having spent almost my entire career at Apple, I have been lucky to have worked under Steve Jobs and to have had Tim Cook as my mentor.
It has been a privilege to help shape the products and experiences that have changed so much of how we interact with the world and with one another.I am filled with optimism about what we can achieve in the years to come, and I am so happy to know that the most talented people on earth are here at Apple, determined to be part of something bigger than any one of us.I am humbled to step into this role, and I promise to lead with the values and vision that have come to define this special place for half a century.”How Tim Cook boosted Apple’s fortunes.Tim Cook joined Apple in 1998.
He became CEO in 2011 and has overseen the introduction of numerous products and services, including new categories like Apple Watch, AirPods, and Apple Vision Pro, and services ranging from iCloud and Apple Pay to Apple TV and Apple Music.He was also instrumental in expanding existing product lines.Under Cook’s leadership, Apple has grown from a market capitalisation of approximately $350 billion to $4 trillion, representing a more than 1,000% increase.
Read More
