Tim Cook stepping down as Apple CEO

Hanno Labuschagne

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Tim Cook stepping down as Apple CEO

Apple chief executive officer Tim Cook will hand the reins to hardware boss John Ternus later this year, capping a 15-year tenure that turned the company into a $4 trillion business spanning watches, video streaming and financial services.

Ternus will become CEO on 1 September, when Cook will transition to executive chairman, the company said in a statement on Monday.

[Bloomberg]
 
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