October 29, 2012: Scott Forstall, Apple’s senior vice president of iOS software, is fired from the company after the disastrous Apple Maps launch. After Forstall’s ouster, Apple divvies up the roles he previously handled among other high-level execs.
Design chief Jony Ive assumes leadership of the Human Interface team. Craig Federighi becomes head of iOS software. Eddy Cue takes control of Maps and Siri. And Bob Mansfield “unretires” to lead a new technology group.
October 15, 1993: John Sculley, the former CEO responsible for forcing Steve Jobs out of Apple, is forced to leave the company himself. When Sculley resigns as Apple’s chairman, he leaves with a golden parachute.
His parting gifts include $1 million in severance pay, a one-year consulting fee of $750,000, a commitment from Apple to buy his $4 million mansion and $2 million Learjet, and $2.4 million in stock options. Total take: around $10 million.
October 14, 2005: Tim Cook takes the reins as Apple’s chief operating officer. His new role as Apple COO continues his climb through the company’s ranks and will lead to his appointment as CEO less than six years later.
“Tim has been doing this job for over two years now, and it’s high time we officially recognized it with this promotion,” Apple CEO Steve Jobs says in a statement. “Tim and I have worked together for over seven years now, and I am looking forward to working even more closely with him to help Apple reach some exciting goals during the coming years.”
This week on the Cult of Mac podcast: New Apple CEO John Ternus reportedly wants to make Apple lean and agile. He wants to eliminate bloat — and push out more products at a faster tempo.
Is he tamping out his own “bozo explosion” at Apple? Or is the “hardware guy” just bringing a more engineering-focused eye to Cupertino’s top job? There’s plenty to discuss!
Also on the Cult of Mac podcast:
Listen to this week’s episode of the Cult of Mac podcast in Apple’s Podcasts app or your favorite podcast app. Or watch the video version, embedded below. (Be sure to subscribe and leave us a review if you like it!)
October 3, 1994: Apple CEO Michael Spindler reassures the world that Apple “is not a lame-duck company.”
Why would anyone suspect that it is? The answer lies in collapsing Mac sales, massive layoffs and Apple’s $188 million quarterly loss. At 15 months into his stint as CEO, Spindler wants to reassure everyone that the worst is over.
Sadly, things will decline further before they start to turn around.
Apple’s new CEO John Ternus is reportedly pushing for a leaner organization that can move faster and experiment more aggressively. He plans to focus on engineering and push to release more products, more often.
Ternus also could move the company away from its tradition of a few monumental product launches. Rather than concentrating major product announcements into a few annual events, he supposedly wants Apple to introduce products throughout the year.
The planned changes reportedly come with layoffs and other staff reductions as Ternus shakes up the ranks at Apple.
September 16, 1985 and 1997: Twice on this day, Apple co-founder Steve Jobs makes significant moves with regard to his career at the company. In 1985, he leaves Apple after a failed boardroom coup. Then, a little more than a decade later, he officially returns to Apple as its new interim CEO.
In terms of the emotions associated with those historic occasions, it’s hard to think of two more polarizing days in Jobs’ life.
John Ternus officially took over as Apple’s CEO on Tuesday, and his key challenge will likely be the classic “innovator’s dilemma.” Should he focus on maintaining Apple’s dominant position or ruthlessly cannibalize the products he helped develop during his 25-year career at Apple?
Ternus, a certified hardware guy, replaced operations whiz Tim Cook, who served as Apple’s CEO for 15 years after taking over from Steve Jobs. Apple updated its website’s leadership page to reflect this gigantic change — and it reveals some of Ternus’ top priorities going forward.
Tim Cook isn’t the only high-level Apple executive changing roles: Phil Schiller, one of the most recognizable faces in Apple’s modern history, is reportedly stepping away from his remaining major responsibilities at the company.
The 66-year-old Apple veteran is giving up oversight of the App Store and Apple’s product events, according to a report published Monday.
But Schiller isn’t completely walking away from Apple. He will supposedly remain an Apple Fellow and work on unspecified projects.
August 24, 2011: With his health worsening, a cancer-stricken Steve Jobs resigns from his role leading Apple. Tim Cook assumes the role of Apple’s seventh CEO.
“I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple’s CEO, I would be the first to let you know,” Jobs writes in his retirement letter to the Apple board. “Unfortunately that day has come.”
July 8, 1997: Steve Jobs begins his path to becoming chief executive officer of Apple, after former CEO Gil Amelio departs the company following a massive quarterly loss. Also leaving Apple is Ellen Hancock, executive vice president of technology.
To run Apple’s day-to-day operations, CFO Fred Anderson takes over until a new CEO can be found. Jobs, meanwhile, moves from strategic adviser to take “a more expanded role with Apple’s board and executive management team,” according to CNN Money.
Cupertino’s turnaround has started!
July 6, 1997: Following a massive quarterly loss for Apple, board member Edgar S. Woolard Jr. calls CEO Gil Amelio and informs him that he needs to step down. “You’ve done a lot to help the company, but the sales haven’t rebounded,” Woolard says.
Steve Jobs, who recently returned to the company he co-founded, denies being responsible for Amelio’s ouster. However, the move results in Jobs becoming Apple CEO for the first time. Now it’s time for a real turnaround!
May 23, 1985: Bitter about being ousted from his position running the Macintosh division, Steve Jobs attempts to stage a boardroom coup to seize control of Apple from CEO John Sculley.
The 30-year-old Apple co-founder plans to overthrow Sculley while the CEO is away on a business trip in China. Unfortunately for Jobs, he makes a critical mistake when he tries to recruit the support of Apple executive Jean-Louis Gassée, who informs Sculley of the plot.
It’s the beginning of the end for Jobs’ first tenure at Apple.
Recently promoted Apple Chief Hardware Officer Johny Srouji will reorganize his division and shift oversight of product design in a move aimed at speeding up development of future devices, according to a new report Tuesday.
May 17, 1983: John Sculley takes the helm as Apple’s third president and CEO. The former Pepsi-Cola boss is short on tech experience but long on marketing, which will become increasingly important as the personal computer revolution ramps up.
Steve Jobs personally lured Sculley to Apple using one of the most famous lines in the history of business. “Do you want to spend the rest of your life selling sugared water,” Jobs asked Sculley, “or do you want a chance to change the world?”
This week on the Cult of Mac podcast: Holy mackerel, Tim Cook really is stepping down from his CEO role at Apple! And it’s happening sooner than most of us thought. His replacement, John Ternus, sounds like a solid pick — a hardware guy with a long history in Cupertino.
Cook himself says he wants the four-month transition to be “a textbook succession plan, the best in the world.” So the big question is, what will this transition look like for Apple? We’ve got some thoughts. (Lots of ’em, actually.)
Also on the Cult of Mac podcast:
Listen to this week’s episode of the Cult of Mac podcast in the Podcasts app or your favorite podcast app. (Be sure to subscribe and leave us a review if you like it!) Or watch the video version, embedded below.
John Ternus, the Apple exec slated to become CEO in September, said Tuesday that the company is “about to change the world once again.”
Ternus, currently Apple’s senior vice president of hardware engineering, made the pledge to Apple employees during an all-hands meeting. During the talk, Ternus and retiring Apple CEO Tim Cook promised to work together to bring great new products and services to market.
Apple’s appointment of John Ternus as its next CEO signals a potential shift in leadership style at the company, with insiders pointing to his decisive approach to decision-making.
In contrast, outgoing CEO Tim Cook is more of a consensus builder.
Apple announced a sweeping leadership transition on Monday, naming longtime executive John Ternus as its next chief executive officer in September. Current CEO Tim Cook will move into a new role as executive chairman of Apple’s board of directors at that time.
“It has been the greatest privilege of my life to be the CEO of Apple and to have been trusted to lead such an extraordinary company,” said Cook in a statement. “I love Apple with all of my being, and I am so grateful to have had the opportunity to work with a team of such ingenious, innovative, creative, and deeply caring people who have been unwavering in their dedication to enriching the lives of our customers and creating the best products and services in the world.”
April 19, 1994: Gaston Bastiaens, the executive in charge of Apple’s revolutionary new Newton MessagePad product line, parts ways with the company.
“We can’t say whether he fell or was pushed,” says an Apple spokesman. Reports suggest that the departing Bastiaens, general manager of Apple’s personal interactive electronics division, is leaving due to his failure to make the Newton a financial success.
April 12, 1976: Apple’s third co-founder, a former Atari colleague of Steve Wozniak’s named Ron Wayne, cashes in his Apple shares for just $800.
Wayne, who owns a 10% stake in the company, throws in the towel after worrying that he doesn’t have the time or energy to properly invest in Apple. He later receives an extra $1,500 check to seal the deal. When he cashes it, he loses out on an investment that could have been worth billions.
“I was 40 and these kids were in their 20s,” Wayne told Cult of Mac decades later, referring to Apple co-founders Wozniak and Steve Jobs. “They were whirlwinds — it was like having a tiger by the tail. If I had stayed with Apple, I probably would have wound up the richest man in the cemetery.”
April 8, 1983: John Sculley, former president of PepsiCo, takes charge as Apple’s third CEO.
Despite a total lack of experience selling tech products, Sculley was lured to Apple by Steve Jobs himself. The Apple co-founder famously pitched the Pepsi exec with the line, “Do you want to spend the rest of your life selling sugared water or do you want a chance to change the world?”
March 4, 2014: Peter Oppenheimer, the Apple chief financial officer who presided over a decade of skyrocketing growth, steps down from the company.
After becoming Apple CFO in 2004, Oppenheimer saw the company’s valuation soar from $8.8 billion to $471 billion. Luca Maestri replaces Oppenheimer in this crucial position.
February 25, 1981: Original Apple CEO Michael Scott oversees a mass firing of employees, then holds a massive party. The Apple layoffs follow a hiring boom that led to what Scott called a “bozo explosion” at the company. They also stand as an early sign that the fun startup culture of Apple’s early days are gone forever.
“I used to say that when being CEO at Apple wasn’t fun anymore, I’d quit,” he tells a crowd of Apple staffers. “But now I’ve changed my mind — when being CEO isn’t fun anymore, I’ll just fire people until it is fun again.”
For many people at Apple, the day is the worst in the company’s history.
February 7, 1981: Apple co-founder Steve Wozniak is involved in a serious plane crash in California, resulting in his first lengthy leave of absence from the company.
At the time, Wozniak is flying a turbocharged, single-engine, six-seat Beechcraft Bonanza A36TC. In the plane with Woz is his fiancé, Candi Clark, her brother and her brother’s girlfriend. Fortunately, nobody dies in the crash, although Woz suffers minor head injuries.