- Aug 18, 2009
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Who is Tim Cook?
Tim Cook, the man named to replace Steve Jobs as Apple chief executive, already has extensive experience running the company.
Cook, who has served as Apple's chief operating officer for seven years, was named as its new chief executive today with the resignation of Jobs, the iconic co-founder of the company. A reserved and private man, it was Cook who was tapped to fill in for Jobs during his three medical leaves of absence.
"The Board has complete confidence that Tim is the right person to be our next CEO," Art Levinson, chairman of Genentech, said in a statement on behalf of Apple's Board.
Long considered a front-runner to replace Jobs, Cook joined Apple in 1998 as a senior vice president of worldwide operations and was promoted to chief operating officer in 2004. Before joining Apple, Cook was an executive at Compaq and spent 12 years at IBM, where he ran manufacturing and operations for the company's PC business.
Cook is credited with completely restructured Apple's manufacturing operations, insisting that Apple shut down its overseas factories and farm out the work to third-party manufacturers. As a result, the company reduced inventory and improved margins on its entire product lineup.
Cook's profile has grown steadily in the last few years. He has served as Jobs' right-hand man at shareholder events and has completely handled earnings calls with analysts for last few years. Recently he has played a more prominent role at product launches.
While Jobs was on medical leave from January to June 2009, Apple delivered two back-to-back blow-out quarters, as well as an updated iPhone OS, and new iPhone 3GS hardware. Under Cook, Apple also put the finishing touches on the company's new iPods, MacBooks, and Mac OS, which were released shortly after Jobs' return to the helm in late June.
For his performance, Apple's board rewarded Cook with a $5 million bonus as well as 75,000 restricted stock units as a thank-you for "his outstanding performance."
cnet.com
Tim Cook, the man named to replace Steve Jobs as Apple chief executive, already has extensive experience running the company.
Cook, who has served as Apple's chief operating officer for seven years, was named as its new chief executive today with the resignation of Jobs, the iconic co-founder of the company. A reserved and private man, it was Cook who was tapped to fill in for Jobs during his three medical leaves of absence.
"The Board has complete confidence that Tim is the right person to be our next CEO," Art Levinson, chairman of Genentech, said in a statement on behalf of Apple's Board.
Long considered a front-runner to replace Jobs, Cook joined Apple in 1998 as a senior vice president of worldwide operations and was promoted to chief operating officer in 2004. Before joining Apple, Cook was an executive at Compaq and spent 12 years at IBM, where he ran manufacturing and operations for the company's PC business.
Cook is credited with completely restructured Apple's manufacturing operations, insisting that Apple shut down its overseas factories and farm out the work to third-party manufacturers. As a result, the company reduced inventory and improved margins on its entire product lineup.
Cook's profile has grown steadily in the last few years. He has served as Jobs' right-hand man at shareholder events and has completely handled earnings calls with analysts for last few years. Recently he has played a more prominent role at product launches.
While Jobs was on medical leave from January to June 2009, Apple delivered two back-to-back blow-out quarters, as well as an updated iPhone OS, and new iPhone 3GS hardware. Under Cook, Apple also put the finishing touches on the company's new iPods, MacBooks, and Mac OS, which were released shortly after Jobs' return to the helm in late June.
For his performance, Apple's board rewarded Cook with a $5 million bonus as well as 75,000 restricted stock units as a thank-you for "his outstanding performance."
cnet.com
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