Apple CEO Tim Cook to step down, ending nearly 15-year reign leading the iPhone maker
Summary
Apple CEO Tim Cook is stepping down after nearly 15 years leading the company. He will hand over the CEO role to John Ternus on September 1 but will stay involved as executive chairman.Key Facts
- Tim Cook became Apple CEO after Steve Jobs.
- Cook led Apple for almost 15 years.
- During his leadership, Apple's market value grew by over $3.6 trillion.
- John Ternus, Apple's head of hardware engineering, will become CEO on September 1.
- Cook will remain executive chairman at Apple.
- Cook is 65 years old.
- Similar CEO transitions happened at Amazon and Netflix.
- Apple grew strongly thanks to the iPhone and other innovations started by Steve Jobs.
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