San Francisco, Apr 21: Apple CEO Tim Cook is stepping down after nearly 15 years at the helm, succeeding the late Steve Jobs and overseeing a $3.6 trillion surge in market value during an iPhone-driven boom.
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Cook, 65, will turn over the CEO duties to Apple’s head of hardware engineering, John Tenus, on September 1 while remaining involved with the Cupertino, California, company as executive chairman. That’s similar to the transitions made by Amazon’s Jeff Bezos and Netflix’s Reed Hastings after they ended their highly successful tenures as CEO.
Cook leveraged the iPhone’s popularity
Although he never shook the perception that he lacked Jobs’ vision, Cook leveraged the popularity of the iPhone and other breakthroughs orchestrated by his predecessor to lift Apple to heights that seemed unfathomable when it was on the brink of bankruptcy during the mid-1990s. (PTI)
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