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Computer, Technology

Apple has New CEO


Steve Jobs and Bill Gates at the fifth D: All ...

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Steve Jobs steps down as chief executive officer ofApple and is succeeded by Tim Cook.Timothy D. “Tim” Cook (born November 1, 1960) is the chief executive officer of Apple Inc.,having joined the company in March 1998. He was named CEO after Steve Jobs announced his resignation on August 24, 2011

Cook spent six months at Compaq as VP for Corporate Materials before he was hired by Steve Jobs to join Apple.

He initially served as Senior Vice President for Worldwide Operations. Prior to that, Cook served as the chief operating officer (COO) of the computer reseller division of Intelligent Electronics and spent 12 years in IBM‘s personal computer business as the director of North American Fulfillment

Cook is credited with pulling Apple out of manufacturing by closing factories and warehouses around the world. This helped the company reduce inventory levels and streamline its supply chain,

dramatically increasing margins. In January 2007, Cook was promoted to COO.

Cook served as Apple CEO for two months in 2004, when Jobs was recovering from pancreatic cancer surgery. In 2009, Cook again served as Apple CEO for several months while Jobs took a leave of absence for a liver transplant.

In January 2011, Apple’s Board of Directors approved a third medical leave of absence requested by Jobs. During that time, Cook was responsible for most of Apple’s day-to-day operations while Jobs made most major decisions.

Cook also serves on the Board of directors of Nike

 

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