•1 min read•from TechCrunch
Tim Cook stepping down as Apple CEO, John Ternus taking over
Our take
Tim Cook's decision to step down as Apple CEO marks the end of an era, concluding one of the most significant leadership tenures in corporate history. Under Cook's guidance, Apple transformed into a $4 trillion powerhouse, with annual revenue more than quadrupling since he took the helm. As John Ternus steps into the role, the transition comes as no surprise, reflecting a well-planned succession.
The transition has been expected for some time and ends one of the longer and more impactful runs a CEO has had at any company. Cook had inherited a company that many industry watchers and enthusiasts struggled to separate from its famed founder. What he leaves behind is a $4 trillion business with annual revenue that has more than quadrupled on his watch.
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