Tim Cook Steps Down as Apple CEO, Transitions to Executive Chairman
*Apple is entering a new era of leadership. The company announced Monday that John Ternus will become chief executive officer on September 1, with Tim Cook shifting to the role of executive chairman — bringing to a close a 15-year tenure. Cook, who inherited the top job from Apple co-founder Steve Jobs in 2011, oversaw […] The post Tim Cook Steps Down as Apple CEO, Transitions to Executive Chairman appeared first on EURweb | Black News, Culture, Entertainment & More.
Black News 
*Apple is entering a new era of leadership. The company announced Monday that John Ternus will become chief executive officer on September 1, with Tim Cook shifting to the role of executive chairman — bringing to a close a 15-year tenure.
Cook, who inherited the top job from Apple co-founder Steve Jobs in 2011, oversaw a remarkable expansion of the company’s financial standing. According to NBC News, the stock multiplied in value by more than seventeen times over the course of his leadership, and Apple’s total market worth has grown to beyond $4 trillion, putting it among a very small group of companies at the top of global valuations, trailing only Nvidia and Alphabet.
“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,” Cook said in a news release.
“I love Apple with all of my being,” Cook said, “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.”
President Donald Trump praised Cook in a post on Truth Social, while also claiming the executive had often called to ‘kiss my ass.’”
“When I got the call I said, wow, it’s Tim Apple (Cook!) calling, how big is that? I was very impressed with myself to have the head of Apple calling to ‘kiss my ass,’” Trump wrote.
Ternus joined Apple’s design team in 2001 and contributed heavily to some of the company’s most recognized product lines, among them the iPhone and AirPods. “I am profoundly grateful for this opportunity to carry Apple’s mission forward,” he said.
“Cook will continue in his role as CEO through the summer as he works closely with Ternus on a smooth transition,” Apple said.
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The post Tim Cook Steps Down as Apple CEO, Transitions to Executive Chairman appeared first on EURweb | Black News, Culture, Entertainment & More.
