Apple CEO Tim Cook is officially stepping down from his role on September 1, the company announced today, while current SVP of hardware engineering John Ternus will take over as the new CEO. Cook will transition to a new role as executive chairman of Apple’s Board of Directors.
Netflix co-founder and current chairman Reed Hastings is leaving the streaming company’s board in June to focus on "his philanthropy and other pursuits," according to a shareholder letter released alongside Netflix's Q1 earnings.
It’s already been a busy year for high-profile Microsoft departures, with longtime Xbox chief Phil Spencer bowing out last month alongside his expected successor Sarah Bond. Today it’s the turn of Microsoft's head of Experiences + Devices, Rajesh Jha, who leaves after more than 35 years at the company.
Stop me if you've heard this one before. Disney has announced a successor to outgoing CEO Bob Iger, effective in March. Josh D’Amaro, current chairman of Disney Experiences, was tapped for the role in a unanimous vote by the company's board of directors.
Apple's Johny Srouji may be the latest company executive to seek greener pastures, according to a report from Bloomberg. The report said that Srouji, Apple's senior vice president of hardware technologies, told Tim Cook that he is "seriously considering leaving in the near future."
Apple has tapped AI researcher Amar Subramanya, a longtime Google exec who was most recently corporate vice president of AI at Microsoft, as its new VP of AI. The company also announced that current AI exec, John Giannandrea, will retire in 2026.
According to the Financial Times, Tim Cook may be ready to leave his position as soon as next year, and Apple's board and senior executives have ramped up their preparations to secure his replacement.
Meta has announced that Patrick Collison and Dina Powell McCormick are joining its board of directors on April 15. Collison is the co-founder and CEO of Stripe, the payment processor and financial services company that he started with his brother. He is also the co-founder of the Arc Institute, a biomedical science and technology institution.
Pat Gelsinger is retiring after over 40 years at the company, and close to four years at the chip manufacturer's helm. Effective as of December 1, Gelsinger has left both his post and his position on the board of directors. The board has now created a search committee to "diligently and expeditiously" find a new CEO.