New Delhi . iPhone maker Apple has undergone a big change in the beginning of September. Tim Cook, who has been holding the reins of CEO of the company for almost 15 years, has handed over this post to John Ternes. The company has created a new post for Tim Cook, whose name is Executive Chairman.
According to media reports, Tim Cook now gets a package of $47 million (about ₹400 crore). This will include a salary of $2 million and a proposed equity of $45 million.
Told in the document submitted to SEC
In the document submitted to the US Securities and Exchange Commission (SEC), the company has said that the base salary of the current CEO has been increased to $3 million.
He may also get a target annual equity of $55 million for the financial year 2027, which is based on his performance. Tim Cook, who was CEO of Apple for 15 years, has reportedly had his salary cut by 40 percent.
The company became stronger during the tenure of Tim Cook
The company has become financially strong during Tim's tenure as CEO. Besides, the company has also developed good relations with America, China and India. The company's manufacturing network is also largely dependent on China.
John Ternes becomes the new CEO of Apple
John Ternes has taken over as CEO after Tim Cook stepped down. Ternes has 25 years of hardware experience. Also, he has played an important role in Apple's product development. He has also played an important role in Apple's slimmest handset iPhone Air.
Apple's big event on September 9
After taking over as CEO of Ternes, he will now take charge of the event to be held on September 9. Also, the company will launch its first foldable handset iPhone Ultra Fold during this year's event.