Chief Operating Officer Tim Cook a 13-year veteran of Apple is taking over for co-founder Steve Jobs as Apple’s CEO. Cook has been running Apple’s day-to-day operations since January when Jobs went on medical leave. Jobs was diagnosed with a rare form of pancreatic cancer in 2004. He announced his resignation in a letter yesterday. Apple’s shares fell more than 5 percent in after-hours trading on the news.
The article you just read is free because dedicated readers and listeners like you chose to support our nonprofit newsroom. Our team works tirelessly to ensure you hear the latest in international, human-centered reporting every weekday. But our work would not be possible without you. We need your help.
Make a gift today to help us reach our $25,000 goal and keep The World going strong. Every gift will get us one step closer.