Tim Cook is stepping down as CEO of Apple after 15 years. John Ternus, Apple’s head of hardware engineering, will take over on September 1.
Under Cook, Apple grew from $350 billion to over $4 trillion in market cap, a 1,000% increase. Revenue nearly quadrupled from $108 billion to $416 billion.
He was Steve Jobs’ direct successor.
Ternus has been at Apple since 2001, working across every major product line from iPhone to Mac to AirPods. Cook called him “without question the right person to lead Apple into the future.”
The biggest leadership change in tech since Satya Nadella took over Microsoft.
Tim Cook is stepping down as CEO of Apple after 15 years. John Ternus, Apple’s head of hardware engineering, will take over on September 1.
Under Cook, Apple grew from $350 billion to over $4 trillion in market cap, a 1,000% increase. Revenue nearly quadrupled from $108 billion to $416 billion.
He was Steve Jobs’ direct successor.
Ternus has been at Apple since 2001, working across every major product line from iPhone to Mac to AirPods. Cook called him “without question the right person to lead Apple into the future.”
The biggest leadership change in tech since Satya Nadella took over Microsoft.
