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Tim Cook shared an emotional memo with his employees worldwide announcing his decision to step down as CEO from Apple. The memo speaks highly of John Ternus, the named successor, and calls him someone 'proud to follow'. He praised his leadership and vision. Cook will remain CEO through summer to ensure a smooth transition, calling the move the right step for Apple’s future growth.

In a move that marks the end of a transformative era in Silicon Valley, Apple CEO Tim Cook announced that he is stepping down from the chief executive role he has held for fifteen years, transitioning to a newly created position of executive chairman. John Ternus, a longtime Apple veteran widely respected inside the company, will take over as the technology giant's next chief executive officer.

Cook broke the news in an internal memo addressed to Apple's global workforce, a letter that was both a farewell and a declaration of confidence in the company's future. The announcement sent ripples through the technology industry, where Cook's steady and disciplined leadership has long been seen as one of the most consequential executive tenures in corporate history. Several tech leaders have come forward, reacting to the news. OpenAI CEO Sam Altman called Cook a 'legend'.

Tim Cook steps down: Town Hall at the Steve Jobs Theater

Apple employees were informed that a company-wide town hall will be held at 9 am Cupertino time, the following morning at the Steve Jobs Theater on the Apple Park campus, the venue that bears the name of the man whose final decision set this succession in motion fifteen years ago.