Tim Cook dinner is logging off as Apple CEO. He introduced at present he’s stepping down in September after almost 15 years operating one of many Most worthy firms on the planet. Cook dinner, 65, will transfer into a brand new position as govt chairman and get replaced by John Ternus, Apple’s 50-year-old head of {hardware} engineering.
Cook dinner’s tenure was probably the most profitable administration runs in American enterprise historical past. Throughout his 15 years on the prime spot, Apple’s annual revenue quadrupled to greater than $110 billion, whereas its market worth ballooned greater than tenfold to $4 trillion. He took over from co-founder Steve Jobs in 2011 and rode the wild recognition of the iPhone to make Apple probably the most influential firms on the planet.
Ternus has been at Apple since 2001 and at the moment oversees {hardware} engineering for iPhone, iPad, Mac, and different merchandise. The transition occurs in September, giving Ternus 5 months to organize for probably the most high-profile CEO roles in tech.
Tim Cook dinner is logging off as Apple CEO. He introduced at present he’s stepping down in September after almost 15 years operating one of many Most worthy firms on the planet. Cook dinner, 65, will transfer into a brand new position as govt chairman and get replaced by John Ternus, Apple’s 50-year-old head of {hardware} engineering.
Cook dinner’s tenure was probably the most profitable administration runs in American enterprise historical past. Throughout his 15 years on the prime spot, Apple’s annual revenue quadrupled to greater than $110 billion, whereas its market worth ballooned greater than tenfold to $4 trillion. He took over from co-founder Steve Jobs in 2011 and rode the wild recognition of the iPhone to make Apple probably the most influential firms on the planet.
Ternus has been at Apple since 2001 and at the moment oversees {hardware} engineering for iPhone, iPad, Mac, and different merchandise. The transition occurs in September, giving Ternus 5 months to organize for probably the most high-profile CEO roles in tech.
