Tim Cook is set to step down as Apple’s CEO, marking the end of an era in which the company grew to become one of the world’s most valuable company. After nearly 15 years in charge, Cook will step down as executive chairman later this year, with John Ternus taking over as CEO.
Cook took over in 2011, succeeding Steve Jobs at a critical juncture in Apple’s history. He oversaw massive expansion of the company’s ecosystem, including the iPhone, Apple Watch, and services portfolio. During his tenure, Apple achieved new financial milestones and expanded its global influence.
Developing story