Tim Cook is stepping down as the chief executive officer of Apple after 15 years leading the company. Transitioning to a new role, he assumes the chairmanship of the board of directors effective September 1.
Despite relinquishing his day-to-day executive duties, Cook remains a central figure within the company's organizational structure. The move marks the end of a long-standing tenure at the helm of the tech giant while detailing the financial compensation arrangement tied to his new position as executive chairman.
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