Tim Cook to step down as CEO of Apple: ‘the greatest privilege of my life’
Summary
Apple announced that Tim Cook will step down as CEO and become executive chair. John Ternus, the head of hardware engineering, will take over as the new CEO.Key Facts
- Tim Cook has been Apple’s CEO since 2011.
- He replaced Apple co-founder Steve Jobs as CEO.
- John Ternus, currently in charge of hardware engineering, will become the new CEO.
- Tim Cook will remain at Apple as executive chair.
- Cook expressed deep gratitude for his time leading Apple.
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