Tim Cook, who has served as Apple CEO since 2011, shortly before the passing of his predecessor Steve Jobs, will step down from the job this summer. Cook, a beloved figure for people who care about who is or isn’t a CEO, will continue to serve as the tech giant’s executive chairman on September 1. But who will be the new Chief Executive Officer? On Monday, Apple announced that John Ternus will take on the job. Ternus, a senior vice president of hardware engineering, will also join Apple’s board of director’s when he becomes the chief.
The news—which we saw via CNBC—came via a press release. In it, the company said “Cook will continue in his role as CEO through the summer as he works closely with Ternus on a smooth transition. As executive chairman, Cook will assist with certain aspects of the company, including engaging with policymakers around the world.”
“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. 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,” said Cook.
“John Ternus has the mind of an engineer, the soul of an innovator, and the heart to lead with integrity and with honor. 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. I could not be more confident in his abilities and his character, and I look forward to working closely with him on this transition and in my new role as executive chairman.”
Cook joined Apple in 1998. During his time as CEO from 2011 to now, his regime saw the debut of Apple Watch, AirPods, iCloud, Apple TV, Apple Pay, and more. Perhaps most impressive (or sickening depending on your point of view), the Cook tenure took Apple from a market capitalization of approximately $350 billion to $4 trillion. Yearly revenue nearly quadrupled also, from $108 billion to $416 billion. That is a lot of money. How much of that comes from you specifically?
Kyle Anderson is the Senior Editor for Nerdist. He hosts the weekly pop culture deep-dive podcast Laser Focus. You can find his film and TV reviews here. Follow him on Letterboxd.
The post Apple Names Successor to Tim Cook as Company CEO appeared first on Nerdist.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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