Apple's chief executive Tim Cook bid farewell to the tech giant on Monday, paying tribute to founder Steve Jobs and praising staff as "extraordinary," as he passed the baton to incoming CEO John Ternus. Ternus takes over on September 1 as only the second CEO to lead Apple after Jobs.

Tim Cook’s final day as Apple’s chief executive officer marks the end of one of the most successful leadership transitions in modern corporate history, as the technology giant…

Tim Cook is stepping down as Apple CEO on 1 September after over a decade, with John Ternus, the senior VP of Hardware Engineering, set to take over.

Cook will move into the role of executive chairman, while Ternus will join Apple’s board the same day. Cook has played a central role in expanding the company’s business and…

“I love this company and the team behind it.”

Longtime Apple executive and engineer John Ternus is stepping up to lead the company as his predecessor assumes an advisory role.

John Ternus takes over multitrillion-dollar tech company on Tuesday