BREAKING: Tim Cook is stepping down as Apple CEO later this year, ending one of the most successful executive runs in corporate history.
Steve Jobs brought Cook to Apple in 1998, and 13 years later handed him the keys to the company. Since taking over in 2011, Cook has overseen Apple’s rise from a $348 billion company to one worth more than $4 trillion today.
During his tenure, Apple became the first company ever to hit a $3 trillion valuation, grew to more than 150,000 employees worldwide, and now generates roughly $416 billion in annual revenue. Cook will transition to executive chairman, with John Ternus taking over as CEO on Sept. 1.
“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.
BREAKING: Tim Cook is stepping down as Apple CEO later this year, ending one of the most successful executive runs in corporate history.
Steve Jobs brought Cook to Apple in 1998, and 13 years later handed him the keys to the company. Since taking over in 2011, Cook has overseen Apple’s rise from a $348 billion company to one worth more than $4 trillion today.
During his tenure, Apple became the first company ever to hit a $3 trillion valuation, grew to more than 150,000 employees worldwide, and now generates roughly $416 billion in annual revenue. Cook will transition to executive chairman, with John Ternus taking over as CEO on Sept. 1.
“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.
