Apple CEO Tim Cook announced his resignation from the post, even though he will continue his association with the firm as executive chairman. Apple's hardware boss John Ternus will be taking over Cook's role in September this year.
Cook expressed his gratitude to the Apple team and said he is optimistic about the company's future, citing its 'truly extraordinary road map.' He praised John Ternus as a visionary leader with 'remarkable integrity.'
Cook will remain CEO through the summer and work closely with Ternus as they transition roles. He will support Ternus in key areas and offer his experience whenever needed.
The transition comes as Cook's 15-year tenure as CEO comes to an end on September 1, when he hands over duties to Ternus.
