Tim Cook Sends Farewell Memo to Apple Staff on Final Day as CEO

Tim Cook addressed Apple employees in a memo marking his last day as chief executive. He expressed gratitude for the team's support and said his decision to step down was made with confidence. Cook highlighted the company's culture and shared purpose, noting that these factors have driven Apple’s achievements. He announced that John Ternus will take over as CEO and praised Ternus’s ability to lead product development. Cook said he will remain at Apple in a different capacity and looks forward to continuing work at Apple Park and elsewhere.

"I am not leaving Apple, but I am stepping away from a role that I have loved deeply," Cook wrote.

"I could not be more excited for his leadership," he added regarding Ternus.

Cook concluded by encouraging staff to maintain their commitment to the company's values and to continue delivering high-quality products.