Tim Cook Resigns as Apple CEO, John Ternus to Succeed Him
Read Tim Cook's full memo to Apple employees on stepping down as CEO
Hindustan Times
Image: Hindustan Times
Tim Cook announced his resignation as CEO of Apple after 15 years, effective September 1. He will transition to the role of executive chairman, with John Ternus, the current hardware chief, taking over as CEO. Cook expressed optimism about Apple's future and gratitude towards the team.
- 01Tim Cook resigns as CEO after 15 years, effective September 1.
- 02John Ternus, currently Apple's hardware chief, will succeed him.
- 03Cook will remain with Apple as executive chairman.
- 04He emphasized the importance of Apple's core values and future innovation.
- 05A town hall meeting will be held to discuss the transition.
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Tim Cook, who has served as CEO of Apple since 2011, announced his resignation effective September 1, 2023. He will transition to the role of executive chairman, while John Ternus, currently the head of hardware, will take over as CEO. In his memo to employees, Cook reflected on the values that have shaped Apple and expressed confidence in the company's future. He praised Ternus as a visionary leader with integrity, capable of guiding Apple into new innovations. Cook will continue to work closely with Ternus during the transition and expressed deep appreciation for his team, stating that their collaboration has made Apple a remarkable company. A town hall meeting is scheduled for the following day to address this leadership change.
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