Tim Cook handed $47m package for new role as executive chair of Apple
Pay and shares deal nearly matches $58m award to John Ternus, his successor as CEO at the $4.7tn tech company Business live – latest updates Tim Cook has received a $47m (£35m) pay deal as Apple’s executive chair, a remuneration package that nears the level set for his successor as chief executive. Cook, who handed over to John Ternus on Tuesday, will be paid a base salary of $2m and $45m worth…
John Ternus, Apple's new CEO, made his first public appearance on Tuesday by sending out a staff-wide memo previewing the upcoming iPhone event. He expressed gratitude towards his predecessor, Tim Cook, who has been with Apple for 15 years. Ternus mentioned his excitement for the September 9 launch event, where Apple plans to unveil its first foldable iPhone and expand into smart home hardware.
The memo also paid tribute to Cook, who is staying on as executive chairman. Ternus, who has been with Apple since 2001, is set to take charge at the age of 50, similar to Cook when he succeeded Steve Jobs in 2011. As Apple's AI capabilities are a significant competitive gap, Ternus' leadership in handling Siri will be crucial. The memo is the first public communication from Ternus as he steps into the CEO role at the same stage in his career as Cook did.
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- Tim Cook handed $47m package for new role as executive chair of Apple theguardian.com
- Apple CEO John Ternus’ first memo to employees has a message on iPhone 18 series timesofindia.indiatimes.com
- John Ternus takes over as Apple CEO and Tim Cook becomes executive chair; sources say Laura Legros, an Apple hardware VP who retired in 2022, has rejoined Apple (Kalley Huang/New York Times) nytimes.com
- Apple CEO John Ternus shares first memo to staff in new role mashable.com
