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Phil Schiller, who has led Apple's App Store since 2015 and joined the company in 1987, has stepped down from that role, according to Bloomberg. He'll remain at Apple as a Fellow working on unspecified projects, a title insiders view as a precursor to full retirement. Carson Oliver, a 14-year App Store veteran, will take over daily operations, and the App Store is shifting from marketing to Eddy Cue's services division.
Tim Cook served his final day as Apple's CEO, sending employees a farewell memo reflecting on the company's culture and mission. John Ternus takes over as CEO starting the following day. Cook also posted a message of thanks to the broader Apple community on social media.
Coinbase CEO Brian Armstrong told the Katie Miller Podcast that he views philanthropy as often a 'net negative on the world,' arguing that charitable foundations tend to get 'captured by ideology.' Despite an estimated net worth of $8.7 billion, Armstrong said he has decided not to pursue large-scale giving, contrasting his stance with figures like Bill Gates.
Jim Cramer praised outgoing Apple CEO Tim Cook, arguing he has been unfairly overshadowed by Steve Jobs despite delivering massive shareholder returns. Cook officially transitions to executive chairman on Tuesday, handing the CEO role to hardware chief John Ternus, after Apple's market cap grew from about $350 billion to over $4.7 trillion during his 15-year tenure.
On his final day as Apple's chief executive, Tim Cook sent staff an emotional note thanking them for their work and reflecting on his tenure. He expressed confidence in incoming CEO John Ternus, praising his understanding of what it takes to build transformative products.
Businesses across sectors are recognizing that AI is not a one-time technology upgrade but an ongoing force reshaping roles, skills and team structures continuously. Executives are being urged to treat their workforce as a dynamic, ever-changing portfolio of capabilities rather than fixed headcount, using AI tools to track how work is shifting in real time.
Tim Cook is completing his final day as Apple's chief executive after 15 years in the role, with John Ternus set to officially become CEO the next day. Cook will transition to executive chairman of Apple's board, continuing to manage the company's relationships with President Trump and the Chinese government while supporting Ternus in other areas as needed.
Tim Cook has stepped down as Apple's chief executive, marking his final day in the role after leading the company for over a decade. In a farewell memo to employees, Cook expressed gratitude for their work and reflected on Apple's culture, though he noted he is not leaving the company entirely.
A leadership commentary argues that companies fixated on preventing turnover are asking the wrong question. Instead of chasing retention metrics or matching competitors' pay raises, the piece contends businesses should invest in developing employees, arguing this naturally builds a workplace culture people choose to stay in.
Match Group turned to one of its own directors, Spencer Rascoff, to take over as chief executive and steer a company turnaround. The move highlights a growing trend of boards selecting insiders already familiar with the business rather than launching external searches.
Reports indicate Apple is preparing for a leadership transition, with hardware engineering chief John Ternus positioned as the likely successor to CEO Tim Cook. Cook transformed Apple into a $5 trillion company largely through operational and supply chain excellence rather than product breakthroughs. Ternus would face pressure to reinvigorate the company's innovation pipeline in a way reminiscent of the Steve Jobs era.
SK Hynix CEO Kwak Noh-jung said he sees no signs of oversupply in the memory chip market and expects the current shortage to persist until 2030, driven largely by AI-related demand for advanced memory like HBM. He made the comments as the company broke ground on a new chip packaging facility in Indiana, part of its broader US expansion tied to growing customer needs.