Tim Cook replaces Steve Jobs as CEO of Apple Inc.
I’m surprised that the stock fell after learning about Steve Jobs resignation as CEO of Apple yesterday. Who builds the best tech tech company in the world running it as a one man show? Steve Jobs did an amazing job at building a great culture and team. In fact, Apple became the Apple today after he hired his current executive team, namely Tim Cook who has been with the company for last 13 years.
One of the reasons I’m also surprised by the stock market’s reaction to Steve leaving, is that Tim Cook has been running Apple over the last 2 years anyway, and you could argue that the last 2 years have been the best in Apple’s history, largely due to Cook’s leadership. In my opinion, Steve Jobs with his health issues served as a role of mentor more than CEO as he battled cancer. In many analyst calls, Tim Cook led these calls and in a few cases it seemed that Jobs wasn’t fully appraised on launch dates and plans regarding key devices. So I ask you, if Tim Cook has been running Apple for the last few years why the concerns about Apple’s future?
To say that Steve Jobs was important to Apple is an understatement, he has been an icon and a legendary figure. So much so, I believe he stayed on longer than he should have in an iconic capacity because of the market’s view of his importance. Steve Jobs had ensured that the culture and systems at Apple were in place to continue his legacy a long time before he announced his resignation, and while we would like to think that a single man created this amazing company this is far from the truth. Steve Jobs impact on Apple will always remain but his influence over the last few years was diminished, and this transition, while sad will have little impact on Apple’s run.
I believe that Apple’s success was because of this dynamic duo, Steve Jobs and Tim Cook. Tim Cook brought an organizational genius to match the creative genius of Steve Jobs and his creative team. It was the marriage of these two sets of skills, creativity and execution, which has made Apple the company it is today. While Steve Jobs insight and creativity will be missed I believe his creative team is strong enough to carry out the next 10 years minus Jobs and when you couple that with the execution and organization that Cook brings to the table you have a recipe for continued success.
Thanks for every thing Steve Jobs, but look after your health and get better soon.