Apple’s Chief Executive Officer (CEO), Tim Cook, has announced that he will resign from his position effective September 1, transferring leadership responsibilities to John Ternus. Cook will continue with the company as Executive Chair. John Ternus, who currently leads Apple’s Hardware Engineering division, has been with the company for over two and a half decades.
Kathmandu — Leading technology company Apple’s CEO Tim Cook has decided to step down from his role. The 65-year-old Cook will hand over the CEO duties to John Ternus on September 1 and will transition to the role of Executive Chair. Following Cook’s formal departure, Ternus will officially take over as the new CEO. Ternus has led Apple’s hardware engineering team and has amassed a 25-year-long tenure with the company. This leadership transition is viewed as a significant change at Apple.
Tim Cook had indicated the possibility of stepping down for several years. He initially took the helm in 2011 when Steve Jobs resigned due to health issues. Since then, Cook has guided the company through serious challenges, elevating Apple to new heights of success.
Cook joined Apple in 1998, at a time when the company was facing financial difficulties. Steve Jobs, the founder, selected him to lead the operations team. After Jobs resigned on August 24, 2011, Cook assumed primary leadership responsibilities. From 2005 to 2011, he played a crucial role as Chief Operating Officer, strengthening the supply chains of key products such as the iPod, MacBook, iPhone, and iPad.
Under Cook’s leadership, Apple introduced new products including the Apple Watch, AirPods, M1, M2, and M3 silicon chips, as well as the Apple Vision Pro. Additionally, Apple became the first company worldwide to reach a $3 trillion market valuation. During Cook’s tenure, digital services such as iCloud, Apple Music, Apple TV+, and the App Store have also seen remarkable growth.
