Apple’s New CEO Scores $58 Million Annual Pay Package as Tim Cook Officially Steps Aside

Cook will receive $47 million as Apple's executive chairman, though John Ternus will be the running the show from here.

John Ternus is the new Apple CEO Tuesday, as he officially takes over duties for Tim Cook, who announced his departure in April.

Since he replaced the late Steve Jobs, Apple has shipped 3.1 billion iPhones and its stock price has risen 2,275%.

Expectations for Tim Cook were almost impossibly high when he stepped in to replace Apple's visionary co-founder in 2011. He inherited a company on a blockbuster run, after Steve Jobs returned and revitalized the Mac, launched the iPod, and oversaw the launch of the iPhone. Now, after 15 years in the CEO role, Tim Cook

Apple CEO Tim Cook steps down days before the biggest shake-up to iPhone in decades  GB News

Apple’s long-term CEO Tim Cook has officially stepped down, passing on the role to John Ternus.

Scotland’s regional health boards are expected to be slashed from 14 to two under John Swinney’s ambitious reform plans.

The longtime executive won't be leaving Apple just yet but staff at the company say it's a step closer to Schiller retiring.

Apple shares, which traded at about $13 when Tim Cook assumed the top job, have risen 2,359.2 per cent to $319.70 at the latest close.