Apple CEO Tim Cook is set to step down on Sept. 1, according to reports. NDTV says the decision follows Cook’s long tenure leading the company since August 2011.
Both accounts describe major stock performance during Cook’s time as CEO. NDTV reports Apple shares have delivered historic gains to shareholders, citing roughly 25x or 28x increases, depending on the starting price used. One version places Cook’s start-era share price at about $13, while another describes a range of roughly $11 to $14. The articles also differ slightly on Apple’s market capitalization at the time Cook takes charge, citing about $350 billion in one report and about $293 billion in the other.
While the figures vary, the sources broadly agree that Cook’s leadership period corresponds with substantial growth in Apple’s share price and valuation, culminating in his scheduled departure as CEO on Sept. 1.
