Business Technology

Apple CEO Tim Cook Resigns

Apple CEO Tim Cook Resigns

After a 15-year tenure that saw Apple reach a $4 trillion valuation, Tim Cook is handing the reins to John Ternus.

Cook described the transition as a 'textbook succession' and expressed confidence in Ternus's leadership as the company enters a new era of AI-driven innovation.

Ternus, a 25-year veteran of the company, is widely regarded as a 'product guy' who will prioritize hardware excellence.

The leadership change comes at a pivotal moment as Apple faces mounting pressure to catch up with rivals in the rapidly evolving artificial intelligence market.

Tim Cook
American business executive
John Ternus
Apple senior vice president of hardware engineering
Apple Inc.
American multinational technology company based in Cupertino, California
Satya Nadella
Indian-American business executive and CEO of Microsoft
Sundar Pichai
Indian-American business executive, CEO of Google LLC & Alphabet Inc.