Tim Cook, who has been at the helm of Apple for nearly 15 years, is leaving the post of CEO. John Ternes will be the new CEO of Apple from September 1. Ternes, 50, currently heads Apple’s hardware unit.
Under the leadership of Cook, who became CEO after the death of Apple co-founder Steve Jobs in 2011, Apple created new records of success. During this period, the market valuation of the company reached 4 trillion dollars. He reduced the company’s dependence on China for manufacturing and concentrated it on a country like India. Cook will take over the role of executive chairman from September.
What did Tim Cook say?
Tim Cook, 65, reportedly said in a statement, “Becoming CEO of Apple and being trusted to lead such an extraordinary company has been the greatest privilege of my life. I love Apple with all my heart and I am so grateful to have had the opportunity to work with such a talented, innovative, creative, and deeply caring team of people.”
Who is John Ternes?
John Ternes is Apple’s head of hardware engineering. It is believed that he has proven to be an excellent choice for the role of CEO because of his responsibility to oversee the technology used in iPhones, iPads and Macs for the last five years.
