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Tim Cook to step down as CEO of Apple: ‘the greatest privilege of my life’ (www.theguardian.com)

submitted 1 day ago by Powderhorn@beehaw.org to c/technology@beehaw.org

7 comments fedilink hide all child comments

Apple announced on Monday that it had named a replacement for Tim Cook as CEO, with head of hardware engineering John Ternus succeeding him on 1 September. Cook will stay at the company in the role of executive chair.

“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. I love Apple with all of my being,” Cook said in a press release.

Cook, who succeeded Apple co-founder Steve Jobs, has been CEO since 2011. He has overseen the global expansion of the company and its steady series of new, updated devices, though never attained the same tech visionary status as Jobs.

Cook’s tenure as CEO has marked a lucrative period of expansion for Apple as it entrenched its products in society and sought out new markets, in particular the iPhone. Apple reported earlier this year it had its best ever quarter for iPhone sales, driven by renewed demand in China. The company’s market capitalization grew from around $350bn at the start of Cook’s time to over $4tn today.

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[–] becausechemistry@piefed.social 23 points 1 day ago (1 children)

In a period of unbelievable growth, having an operations guy at the helm was probably the right call. But he overstayed his welcome and bent the knee to Trump.

And they’re gonna have an engineer make the big decisions now. Hell yeah.

[–] sanzky@beehaw.org 2 points 18 hours ago

you could say he was there enough time to let a new ceo step in without all that baggage.

they said Tim will continue his job ~~lobbying~~ working with governments while Ternus runs the company

[–] AMoralNihilist@feddit.uk 20 points 1 day ago (1 children)

Rip tim apple

[–] theComposer@beehaw.org 14 points 1 day ago (1 children)

Welcome john apple

[–] TehPers@beehaw.org 6 points 1 day ago

Here's hoping John Apple does what it takes to make me actually consider an Apple device! Like, I don't know, making user-friendly decisions without the EU getting on their ass about it first.

[–] gnarles_snarkley@beehaw.org 10 points 1 day ago

Is John gonna a stooge for the administration?

[–] SpicyLizards@reddthat.com 2 points 1 day ago

So the next fascist suck can take the helm