Apple CEO Change: Apple gets new CEO, Tim Cook resigns from the post after 15 years, know what new responsibility he got

San Francisco: Apple’s Chief Executive Officer (CEO) Tim Cook has announced his resignation from his post and after him the company’s hardware engineering head John Ternes will take up this responsibility. Tim Cook, who took over this responsibility after Steve Jobs, will end his nearly 15-year tenure as CEO in September. During his tenure, due to the increasing demand for iPhone, the market value of the company reached more than 3,600 billion dollars.

Cook (65) will hand over the responsibilities of CEO to John Ternes on September 1 but will remain associated with the Cupertino, California-based company as executive chairman. Earlier, Amazon’s Jeff Bezos and Netflix’s Reed Hastings had also made similar arrangements after concluding their highly successful tenures as CEOs. Even though Tim Cook was never able to overcome the perception that he lacked Jobs’s vision, he capitalized on the popularity of the iPhone and Jobs’s other revolutionary achievements to take Apple to heights that would have seemed unimaginable for a company teetering on the brink of bankruptcy in the mid-1990s.