{beacon} Technology Technology The Big Story Tim Cook hands over reins of Apple, but keeps political clout Apple’s Tim Cook handed over the reins as CEO to John Ternus on Tuesday, but the technology giant won’t be losing his political clout and connections to Washington.
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Developments in this update
4 dated developments, oldest first, newest marked. Each is named by one outlet's own headline; open its reports to see every outlet that covered it.
Apple's new CEO John Ternus makes AI top priority
Headline from Deutsche Welle ·
With 9 Short Words on His Last Day as Apple’s CEO, Tim Cook Just Taught a Brilliant Leadership Lesson
Headline from Inc. ·
Names this update
Tim Cook hands over reins of Apple, keeps political clout
Headline from The Hill ·
Newest
Apple’s New CEO Pay Package Is Worth $58 Million, Putting Him Just Outside the Top 20
Some analysts had argued software chief Craig Federighi was the more logical pick for a company scrambling to catch up on AI. Ternus, 51, joined Apple's design team in 2001 and worked his way up to senior vice president.
By Lisa Eadicicco, CNN (CNN) — When Tim Cook became Apple’s CEO in August 2011, he had big shoes to fill. His predecessor, Steve Jobs, was widely considered one of the world’s greatest innovators. Now, 15 years later, Cook has catapulted the company to stratospheric heights by forging his own path.
After more than a decade at the helm, Tim Cook is marking his final day as Apple’s CEO, closing one of the most consequential chapters in the company’s history.
Monday marks Tim Cook’s last day in his 15-year tenure as the chief executive of Apple, as he prepares to hand the reins to longtime executive and engineer John Ternus. The outgoing CEO expressed gratitude in his final memo to Apple employees as he transitions to the role of executive chairman for A…
Apple treated Tim Cook to a farewell tour as he wrapped up his 15-year tenure as CEO on Monday and passed the reins to successor John Ternus – who faces challenges ranging from a troubled AI rollout to a worldwide memory crunch.
Cook spent nearly three decades at Apple, which he has led as CEO since 2011. He took over just weeks before Jobs died from pancreatic cancer. "We have made it possible to leave our 'dent in the universe,' as Steve once described it," Cook wrote in the memo on his last day on the job.
Ternus, who has been on Apple's design team since 2001 and is the new CEO, has been credited as being an instrumental part of Apple's rollout of its signature iPhone and AirPods.
Data: Financial Modeling Prep; Chart: Erin Davis/Axios Visuals Apple CEO Tim Cook hands the reins over to John Ternus Tuesday, stepping down after 15 years of running the company. Why it matters: He had an epic run.
John Ternus is just the third Apple CEO in 30 years. His primary challenge is to correct the company's faltering AI strategy to preserve its position as a big tech leader.
John Ternus is just the third Apple CEO in 30 years. His primary challenge is to correct the company's faltering AI strategy to preserve its position as a big tech leader.
Apple's new CEO John Ternus takes the helm of the iconic tech giant on Tuesday, ending Tim Cook's 15-year tenure during which the company's value skyrocket to $4.6 trillion thanks to the iPhone's enormous popularity. The transition to a new CEO comes at a pivotal time for Apple.
Apple's new CEO John Ternus takes the helm of the iconic tech giant on Tuesday, ending Tim Cook's 15-year tenure during which the company's value skyrocketed to $4.6 trillion thanks to the iPhone's enormous popularity.
Apple's new CEO John Ternus takes the helm of the iconic tech giant on Tuesday, ending Tim Cook's 15-year tenure during which the company's value skyrocketed to $4.6 trillion thanks to the iPhone's enormous popularity.
