Tim Cook Steps Down as Apple CEO Tomorrow
Tim Cook is stepping down as Apple CEO after 15 years, with hardware engineering chief John Ternus set to take over the role. Cook will transition to the position of executive chairman of the board to focus on policy engagement.
Why it matters
This marks a major leadership transition for one of the world's most valuable companies, signaling a shift in Apple's strategic direction under new management.
The end of an era is upon us, as Tim Cook will be stepping down as Apple's CEO on September 1, after 15 years of leading the company.
Cook has been Apple's CEO since 2011 Tomorrow, Apple's hardware engineering chief John Ternus will become the company's next CEO. Cook will remain at Apple as the executive chairman of the company's board of directors. In this new role, Apple said Cook will assist with "certain aspects" of the company, including "engaging with policymakers around the world."
Cook became Apple's CEO in August 2011, after Steve Jobs stepped down due to health problems. Under his leadership, Apple became the world's most valuable company on multiple occasions, and it launched products and services such as the Apple Watch, AirPods, HomePod, Vision Pro, Apple Music, Apple TV, and much more.
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