# Apple CEO Tim Cook is stepping down after 15 years, with senior vice president of hardware engineering, John Ternus, named as his successor. Cook first joined Apple in March 1998 and was named CEO in August 2011, shortly before the death of co-founder Steve Jobs. Cook, who led the company to be valued at over 65-trillion-rand, described the job as the greatest privilege of his life. He will become executive chairman of Apple’s board of directors. Cook says Ternus is a visionary and will lead with integrity and honour.
Apple names John Ternus as the new CEO, with Tim Cook stepping down after 15 years