Apple unveils new chief executive’s pay deal as he officially succeeds Tim Cook.
Image: The Standard (HK)
Apple has set a compensation package worth $58 million for John Ternus as he takes over as the company’s new chief executive.
Ternus officially succeeds Tim Cook, marking a major leadership transition at one of the world’s most valuable technology companies.
The package reflects the responsibilities attached to leading Apple and is expected to include a combination of salary, incentives and equity-based compensation.
Ternus now faces the task of steering Apple’s next phase of growth while maintaining the company’s position in an increasingly competitive global technology market.
