Tim Cook Hands Over Apple Keys to John Ternus After 15-Year Tenure
Apple's CEO Tim Cook is stepping down after 15 years in the role. He will be succeeded by John Ternus, a 25-year Apple veteran who has led hardware engineering and helped oversee everything from the iPhone and Mac to Apple's transition away from Intel chips.
Cook took over as CEO in August 2011, following Steve Jobs' resignation due to illness. During his tenure, Apple grew from a $350 billion company to over $4 trillion, making it the second most valuable firm globally, behind Nvidia Corporation. Cook's leadership was marked by significant milestones, including the launch of new products such as AirPods and Apple Silicon, joining the Dow Jones Industrial Average in 2015, and attracting Warren Buffett's Berkshire Hathaway as its largest shareholder.
Cook will transition into the role of executive chairman, where he will remain closely involved in government and policy relationships. This comes as Cook has maintained a positive relationship with President Donald Trump. As executive chairman, Cook will assist with engaging with policymakers around the world.