Apple’s long-time CEO Tim Cook is stepping down after more than a decade. The company announced the news on Monday, April 20. The tech giant stated that starting September 1, Cook will become executive chairman of Apple Inc.’s board of directors. Cook released a personal statement detailing his wonderful years as Apple’s CEO and also revealed his successor.
Tim Cook moves to new role after stepping down as Apple CEO
Tim Cook will step down as Apple Inc.’s CEO in September. Notably, John Ternus, currently the senior vice president of Hardware Engineering, will take over as Apple’s CEO. Apple shared, “The transition, which was approved unanimously by the Board of Directors, follows a thoughtful, long-term succession planning process.”
Interestingly, there was chatter in the tech industry that Cook might be stepping down, with Ternus being considered to replace him. Cook, 65, stated, “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.”
Furthermore, he said, “I love Apple with all of my being, and I am so grateful to have had the opportunity to work with a team of such ingenious, innovative, creative, and deeply caring people who have been unwavering in their dedication to enriching the lives of our customers and creating the best products and services in the world.”
Cook will continue his role as the CEO throughout this summer. Not only that, he will work closely with Ternus to help him transition into his new role. The 65-year-old lavished praise on Ternus by terming him a “visionary.” Cook remarked, “He is a visionary whose contributions to Apple over 25 years are already too numerous to count, and he is without question the right person to lead Apple into the future.”
Users had kind words of praise for Cook’s incredible role in shaping Apple’s legacy. One user commented, “Tim Cook will forever be Apple, Apple will forever be Tim Cook. An absolute legend.” A second user wrote, “End of an era if true. Tim Cook leaving would be a huge shift for Apple.”
Originally reported by Anwaya Mane for Mandatory.
