Tim Cook handed $47m package for new role as executive chair of Apple
Tim Cook has transitioned to the role of executive chair at Apple, receiving a $47 million compensation package. He is succeeded as CEO by John Ternus, who will receive a $58 million package as the company continues its growth trajectory.
Why it matters
This leadership transition marks a significant shift for one of the world's most valuable companies, reflecting on Cook's legacy and the future of Apple's management.
John Ternus, left, is taking over as Apple’s chief executive from Tim Cook, who spent 15 years in the role. Composite: Bloomberg, AFP, Getty Images John Ternus, left, is taking over as Apple’s chief executive from Tim Cook, who spent 15 years in the role. Composite: Bloomberg, AFP, Getty Images Apple Tim Cook handed $47m package for new role as executive chair of Apple Pay and shares deal nearly matches $58m award to John Ternus, his successor as CEO at the $4.7tn tech company
Prefer the Guardian on Google Tim Cook has received a $47m (£35m) pay deal as Apple’s executive chair, a remuneration package that nears the level set for his successor as chief executive.
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