Tim Cook Steps Down as Apple CEO Tomorrow

Useful takeaways from this story.

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.

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The useful part

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.

How it works

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...
Apple has set all-time quarterly revenue records over its past few quarters, so the company is in a strong financial position as Cook hands the reins to Ternus.
"It has been the greatest privilege of my life to be the CEO of Apple and to have been trusted to lead such an extraordinary company," said Cook.

What to take from it

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.

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