Showing posts with label Apples. Show all posts
Showing posts with label Apples. Show all posts

Friday, August 26, 2011

Tim Cook: Who is Apple's new CEO?

Tim Cook is no dark horse. He's no outsider either. And while most of us were caught a bit off guard when Apple announced Steve Jobs's resignation last night, none were too surprised when the 50-year-old executive was formally named his replacement. It's a role for which Cook has been groomed for some time now, even temporarily stepping into the position in 2004, 2009 and early 2011, as Jobs took leave in order to tend to his ongoing health problems.

Cook has been with Apple for the lion's share of Jobs's second coming, joining the company in 1998. At the time, Cook was six months into a stint at Compaq, serving as Vice President, Corporate Materials. Prior to his brief run there he was the COO of Intelligent Electronics and spent a far longer 12-year stretch at IBM, serving as the Director of North American Fulfillment at the time of his exit. Cook did his undergrad at Auburn University, earning a BS in industrial engineering, going on to get an MBA at Duke University half a decade later.

When Cook first joined Apple his title was Senior Vice President for Worldwide Operations -- a position that challenged him to overhaul the company's inefficient supply chain. The exec would soon prove himself an invaluable and no-nonsense leader within the confines of Cupertino, trimming excess fat, closing down factories, reducing inventory levels and pumping up margins. He compared his work to the dairy business, driving home the importance of never keeping anything past its freshness date. And no collection of Cook anecdotes is complete without a simple question -- "Why are you still here?" -- posed to a fellow executive half an hour after telling them that someone needed to be in China, addressing a supply concern there.

Most Cook anecdotes paint him as dry and business-minded, waking up at 4:30 in the morning to send emails, and holding meetings on Sunday night to prepare for the week to come. So it was no surprise that Cook's first official staff letter as CEO arrived bright and early this morning.

In 2005, Cook was named COO, having already stepped in for Steve Jobs a year earlier during his first medical leave. At the time of his promotion, Jobs said of Cook, " Tim has been doing this job for over two years now, and it's high time we officially recognized it with this promotion."

You could say the same applies to Cook's latest promotion as well. It's true, while Jobs shed his title as chief executive, he was also appointed chairman of the company's board of directors -- a role that will likely ensure he remains steeped in the company's big-picture decision making. That caveat aside, Cook has considerable experience running the company's day-to-day operations, and as anyone who knows Cook will attest, he's reputed as much for being a diligent student as a tireless worker. And when it comes to the world of consumer electronics, it's hard to imagine a better teacher than Steve.

02.27.08 - Apple COO says it's not married to iPhone exclusivity, still on track to sell 10m this year
01.14.09 - Steve Jobs is taking a leave of absence from Apple due to health reasons
01.21.09 - Apple on smartphone competition: "if others rip off our intellectual property, we will go after them."
07.20.10 - Apple posts record $3.25b profit in first full quarter of iPad sales, says more 'amazing products' coming this year
01.12.11 - A brief and anecdotal history of the Verizon iPhone 4 deal
02.18.11 - Apple's Tim Cook hints at cheaper iPhone, prepaid possibilities to come?
08.24.11 - Steve Jobs resigns as CEO of Apple
08.24.11 - Apple's new CEO Tim Cook addresses employees in staff letter


View the original article here

Apple's new CEO Tim Cook addresses employees in staff letter

Read the full text of the letter after the break.

Team:

I am looking forward to the amazing opportunity of serving as CEO of the most innovative company in the world. Joining Apple was the best decision I've ever made and it's been the privilege of a lifetime to work for Apple and Steve for over 13 years. I share Steve's optimism for Apple's bright future.

Steve has been an incredible leader and mentor to me, as well as to the entire executive team and our amazing employees. We are really looking forward to Steve's ongoing guidance and inspiration as our Chairman.

I want you to be confident that Apple is not going to change. I cherish and celebrate Apple's unique principles and values. Steve built a company and culture that is unlike any other in the world and we are going to stay true to that-it is in our DNA. We are going to continue to make the best products in the world that delight our customers and make our employees incredibly proud of what they do.

I love Apple and I am looking forward to diving into my new role. All of the incredible support from the Board, the executive team and many of you has been inspiring. I am confident our best years lie ahead of us and that together we will continue to make Apple the magical place that it is.

Tim


View the original article here