This is what CEO Tim Cook is planning as Apple turns 50
Apple will soon turn 50. And it looks like CEO Tim Cook has planned a celebration to mark the milestone. This is what he said.
On April 1, 1976, Steve Jobs co-founded Apple Computers with Steve Wozniak and Ronald Wayne. The Cupertino giant is now one of the most valuable companies in the world as it reaches its 50th anniversary. And it appears Apple CEO Tim Cook has something special for the occasion.
According to Bloomberg, Tim Cook hinted at his plans for Apple’s 50th anniversary during a recent discussion with employees. The Apple chief claimed he is spending a lot of time considering what this means for the company. “I’ve been unusually reflective about Apple lately as we work out what we can do to mark this moment,” he said.
Cook, who has been part of Apple since 1998, was chosen by Steve Jobs. Apple’s CEO promised to celebrate the company’s 50th anniversary. He added, “When you really stop and pause and think about the last 50 years, it makes your heart sing. It really does. I promise some celebration.”
Tim Cook hints at retirement amid Apple’s 50th anniversary
Tim Cook became the CEO of Apple after Steve Jobs in 2011. Since then, Cook has helped the Cupertino giant grow its market value multifold, from about $350 billion to more than $4 trillion today. However, at 65, it appears Cook is planning to retire soon.
During the discussion, Cook reportedly said, “I spend a lot of time thinking about who is in the room five years from now, who is in the room 10 years from now. I’m obsessed with who is in the room 15 years from now.”
Previous reports indicate that the Apple CEO will likely remain on the company’s board as chairman. Apple’s hardware engineering chief John Ternes is believed to be the frontrunner to replace Tim Cook as the new CEO.
Cook isn’t the only one considering a change, however. Over the past few months, Apple has seen key senior figures leave the company, including COO Jeff Williams, head of environmental affairs Lisa Jackson and general counsel Katherine Adams.
According to the report, Tim Cook addressed these retirements, saying that they were conducted out of caution and “were not a surprise.” He added, “You know, when people reach a certain age, some people retire. It’s kind of a natural thing.” However, Cook did not choose former design executive Alan Dye or ex-AI head John Giannandrea.
