Tim Cook to step down as Apple CEO in September, John Ternus named successor
via Punch Nigeria2 min read
Apple announced that Tim Cook will step down as the company's chief executive officer in September, with John Ternus taking over the role. Cook, who will become executive chairman of the board, expressed his privilege in leading Apple. He joined Apple in 1998 and became CEO in 2011 after Steve Jobs' departure due to health issues. Cook is credited with expanding Apple's product line and increasing its value to approximately $4 trillion. Arthur Levinson, the outgoing chairman of the board, praised Cook's leadership for transforming Apple into a leading company. Levinson will transition to the role of lead independent director. Ternus, who joined Apple's product design team in 2001, has been a senior vice president of hardware engineering and has contributed to products like iPhones, iPads, Apple Watch, and Mac computers. Ternus expressed gratitude for the opportunity and acknowledged having worked under Steve Jobs and having Tim Cook as a mentor. Apple celebrates its 50th anniversary this year.
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This summary was AI-generated from a story originally published by Punch Nigeria.
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